Answer Posted / trupti
THERE ARE TWO TYPE OF TAXES ONE IS DITECT TAX & ANOTHER IS
INDIRECT TAX. DIRECT TAX IS A TAX ON INDIVIDUAL PERSON
WHEREAS INDIRECT TAX IS A TAX ON GOODS & SERVICES. IN CASE
OF DIRECT TAX BURDEN OF TAX CAN NOT BE SHIFTED BUT IN CASE
OF INDIRECT TAX BURDEN OF TAX CAN BE SHIFTED.EG OF INDIRECT
TAX IS SERVICE TAX, SALES TAX, VAT ETC.IN CASE OF INDIRECT
TAX, TAX MAY BE INDIRECTLY COLLETED FROM CONSUMER,
RETAILER, OR MANUFACTURER.
| Is This Answer Correct ? | 96 Yes | 20 No |
Post New Answer View All Answers
what are the different causes for discrepencybetween the balance of cash book and pass book
What is the defination of job costing, batch costing and contract costing?
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
how to prepare HSD statements in tally
Expand ----------GIDB
what is the main link between the income statement and the balance sheet?
HI i have been shortlisted for the Syndicate bank PO post. Can any one guide me about the interview questions..and answers?
Can I freeze my account?
What is the process of VAT & CST Registration?
why you want to join the banking and finance industry?
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
How shall I calculate the true profit of my business, as I am a layman for accounting.
What do mean by Computerization of accounts
What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?
