What is the difference between Direct &indirect tax?
- 5 Answers
- 7030 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sreena
Direct tax is paid by assignee like Income tax. Indirect
tax is when we purchased an item if we pay vat it is
indirect tax
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / navin patel
Which tax not shifted any other Called direct tax as,income
tax,welth tax etc.
which tax shifted from any other its means collected by any
other colled indirect tax etc.sales tax,service tax, cst
etc.
| Is This Answer Correct ? | 5 Yes | 2 No |
Answer / shabd kumar choudhary
Direct taxes are those tax which are directly levied on the
assessee like income tax.
whereas indirect tax are those taxes which are not
directly levied on the assessee like sales tax
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / jagat babu sharma (9450123500)
Direct Tax has been calculated and payment made through
assessee i.e. self assessed by assessee e.g. Income Tax,
Wealth Tax etc. and that tax charged by any other liable
person whom to be collect such tax amount through assessee
and have to deposited the same in account of Tax Department
e. g. Sales Tax.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / nitika
Direct tax is leived on persons and directly collected by
government.eg: income tax
indirect tax is leived on goods & services. eg: sale tax
| Is This Answer Correct ? | 4 Yes | 4 No |
If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?
Please advise where to enter Income tax paid to Govt. in tally and on which head account to be created///
what is the percentage of W.C.T T.D.S to deduct from vendor, and is this includes T.D.S deduction or again T.D.S has to deduct separately?
What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....
what is vat adjustmant?
Sir Kindly tell me Where is the best institute fir SAP(FICO-CIN and New GL module specially) in Hyderabad ASAP. Regards Om 9910699167
what is out put sale tax and in put sale tax?
what is the rate of service tax in haryana?
x invesment in mutual fund 45000, and recd dividend of mutual fund 5000 with in year, also investment only for one year. i f final the balance sheet then how closed it?
we are the manufacture of leather shoes, we send the shoe sample to some parties , can it we shown in RG1 Register , if shown then , where ? if not then why ?
One of my party i.e. ABC (prop. firm) is providing repairing/alteration service relating to Comm. Construction.. (not new construction), they have provided a repairing/alteration service to one co-op. bank...i.e. XYZ………. At the time of audit by central excise dept., officers has asked/directed to bank to pay the service tax by the ABC (for year 07-08 & 08-09)..... Now, my question is …..:Is my Party ABC liable to pay the service tax ?
How do you plan to achieve these goals?
Audit 
