Answer Posted / sriparna
The Tax whose burden can not be shifted from the assessee
to other person is Known as Direct Tax. The assessee
himself has to borne it totally. Eg- Income Tax, Wealth Tax.
The Tax whose burden can be shifted from the assessee to
other person is Known as Inirect Tax. Eg- VAT,CST,Service
tax, Excise Duty, Custom Duty etc .
| Is This Answer Correct ? | 32 Yes | 9 No |
Post New Answer View All Answers
An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
What is outsider equity and time interest period ratio?
What is functional area,trading partner in sap fico
WHY LOSS IN BUSINESS IS SHOWN IN ASSETS SIDE OF BALANCE SHEET? WHY EXCISE DUTY IS DEDUCTED FROM THE GROSS SALES TO ARRIVE NET SALES? WHY SALES TAX IS NOT DEDUCTED FROM SALES TO ARRIVE NET SALES?
EXPAND___________NBW
what is OTC derivatives and Depository Trust & Clearing Corporation (DTCC) ?
what do you mean by accounting (or) why accounting ? ( generally we have to speak about our achivements and goals)
What do we mean by the term "Securities" when we say that "Govt injecting/sucking liquidity in/out of the system by buying/selling securities?
is there any chance for confilcts between an accountant and a sales executive ? If yes how do you resolve the same as an accountant ?
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
i am called for interview but im getting confused wt sort of questions i wd have to face,its a bank job and post is cash ofiicer please help me.
Short Answer on ___________Appreciation
Expand-------CSNA
what do Loan Loss Coverage Ratio mens describe it with examples?