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What are direct and indirect taxes?
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Answer / ragaz
direct taxes are those which are tax on individuals or persons..
indirect taxes are those which are taxes on goods and services..
| Is This Answer Correct ? | 27 Yes | 4 No |
Answer / h.r. sreepada bhagi
Direct Taxes - Taxes levied by the Government on the
assessee and borne by the assessee (Individual, Firm, Trust,
HUF, Company, etc.) Direct taxes can not be passed on by the
assessee to some other person/entity. Examples - Income Tax,
Wealth Tax, Gift Tax, etc.
Indirect Taxes - Taxes levied by the Government on the
assessee, who in turn can pass on the burden on any other
individual/entity in full or part. Examples - Excise Duty
(Cenvat), Sales Tax(VAT/CST), Service Tax, etc.
| Is This Answer Correct ? | 16 Yes | 1 No |
Direct taxes are taxes paid BY PERSON on whom the tax is
levied (DIRECTLY TO GOVT)& he is only liable for this.
example: income tax, WEALTH TAX, ETC
indirect taxes are taxes Paid by someone else , collected
from other persons on behalf of govt. .example :sales tax,
service tax etc
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / anji.erajoli@gmail.com
irect taxes are those which are tax on individuals or persons..
indirect taxes are those which are taxes on goods and services..
| Is This Answer Correct ? | 10 Yes | 7 No |
Answer / gouthami
direct taxes are taxes paid by the person on whom the tax
is levied. example: income tax
indirect taxes are taxes levied on one person and paid by
the other person.example :sales tax
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / rajanikanta nath
Direct tax is nothing but the tax which is paid by the
individuals directly to the govt.e.g-income tax,wealth tax
gift tax etc.
Indirect tax is the tax which is paid by the individuals to
the govt. indirectly.e.g-vat,excise duty,cst,service tax
etc.
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / uttam mathur
direct taxex applies directly on the production relates
with the production like sales tax,rent whereas indirect
implies indirectly to the production like office tax octrai
| Is This Answer Correct ? | 0 Yes | 5 No |
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