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I have an interview, they are asking direct and indirect
taxes and exp. pls tell me any one regarding this which
type of questions they will be asking.
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Answer / uttam mandal
DIRECT TAX IS INCOME TAX, WEALTH TAX , AND CAPITAL GAIN TAX
iNDIRECT TAX IS EXCISE , STAMP DUTY, SALEST TAX EXPEDITURE
TAX
| Is This Answer Correct ? | 14 Yes | 3 No |
Answer / pankaj rawat
DIRECT TAXES MEANS THAT PERSON CAN'T SHIF THE BURDEN OF TAX
INTO ANOTHER PERSON. EX: INCOME TAX, WEALTH TAX,
PROFFESSION TAX.
IN INDIRECT TAXES GOVT. IMPOSED THE TAX ON FIRST PARTY BUT
FIRST PARTY COLLECTED IT WITH SECOND PARTY, AND ULTIMATELY
BURDEN OF TAX FALL ON THE CONSUMERS.
EX. SALES TAX, EXCISE DUTY, SERVICE TAX ETC.
| Is This Answer Correct ? | 11 Yes | 4 No |
Answer / mdjahagnir
Direct tax is that which we deduct from vendor like
TDS ,WCt comes under Direct Tax,
Indirect tax is that tax that we collect from vendors
throughout bill like service tax ,when we rais a bill to
the vendors we includes service tax.10.30%
| Is This Answer Correct ? | 8 Yes | 8 No |
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Audit 
