what is Direct and Indirect Tax? can any body tell me with
example.
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Answer Posted / varsha racichandran
The primary difference between Direct Taxes and Indirect
taxes is that,
> The tax is levied directly on the tax payer, i.e, the
Govenment levies and collects from such tax payer.
Eg: income tax, etc.
> In case of Indirect Taxes, The tax is collected by an
intermediary from the customer and eventually passes the
same to the Govt.
Eg: VAT, service Tax, etc.
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