What is direct tax & indirect tax

Answer Posted / robin mittal

Direct Tax is Income Tax, which cant be impose or transfer
to another person.

Indirect Tax is sales tax, VAT, which can impose or
transfer to another person

Is This Answer Correct ?    132 Yes 15 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand--------OTA

1705


When is proposed divided a current Liability and when is it non-current liability? Why is it in the list of Current Capital Accounts?

1773


How to maintain Purchase Orders ? Please explain by proper format.

1802


What is the difference between reserve and provision.

1806


Pls Explain Accounting Standered 1,3,11,29

1868






Define control account Thanks

1532


Explain significance of Nastro and Vastro in accounts?

3587


EXPAND______________IARCS

1490


AN ESTIMATE OF ASSETS AND LIABILITIES ON AGIVEN DATE

1729


whts is the meaning of over cost and under cost, what is difference ?

11401


EXPAND___________NBW

1470


what is operational risk and market risk in basel 2 norms.

1597


barwaha

652


what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

1494


What is the New GL concept? how do you configure new GL a/c?

1572