What is the difference between Direct &indirect tax?
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 |
WHERE WE HAVE TO TAKE TDS RECEIVABLES IN THE BALANCE SHEET OR P&L A/C ?
12 Answers Insurance, Reliance, Wings Customer Care,
what is the lat date of tds deposit for march 2009 ASSESSMENT YEAR 2009-10
V R MAKING COMMERCIAL CUM EXCISE INVOICE,THEN HOW INVOICE NUMBER CAN BE GIVEN COMBINDLY OF TAX INVOICE/RETAIL INVOICE AND EXCISE INVOICE.
what is the diffrance between tax invoice & retail invoice what is the rule of making invoicing please detail about this./
A is a seller from Hyderabad and Bayer is also from Hyderabad. can issue the c form?
HOW TO MAKE BALANCE SHEET OF PROPRIETOR? IF THERE ARE ANY OTHER INVESTMENT OF PROPRIETOR LIKE FLAT,GOLD,SILVER THEN WHAT WILL BE THE CAPITAL OF PROPRITOR IN HIS PERSONAL BALANCE SHEET? WILL THE CAPITAL OF HIS FIRM WILL BE THE CAPITAL OF HIS PERSONAL BALANCE SHEET? FOR EXAMPLE IN HIS FIRM CAPITAL A/C IS 39LAC.BUT IN HIS OTHER INVESTENT(WHICH HAS NOT BEEN SHOWN IN HIS FIRM'S BALANCE SHEET) HE HAS FLAT OF 310000, GOLD OF RS.15LAC AND SILVER OF RS.3LAC THEN WHAT WOULD BE HIS PERSONAL BALANCE SHEET? PLS ANSWER ME.
We are purchasing machinery from Mumbai supplier. Deliverable in Jamnagar & invoice is on our name (Maharashtra). Can we issue 'C' form?
what is the entry for creating DEFFERRED TAX ASSET OR LIABILITY......? one aspect we r db/cr deffered tax.what is d another aspect??????????????????????
Does the tax liability of an individual get affected due to his residential status? If yes, explain.
As per which notification the service tax is fixed to 14.5%?
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?
HOw to pass vat adjustment entry while paying vat return?