Answer Posted / tushar
The direct tax is directly levied and collected by the
goverment from the taxpayer, and the onus of such taxes
cannot be transfered to another individual/ taxpayer.
Whereas indirect tax is paid by one assessee/ individual at
the beginning,by the way of tax returns, but the onus of
such taxes are transfered to the ultimate consumer of the
product of service.
direct taxes are levied on income and wealth of the
individual, where as indirect taxes are levied through the
product and services purchased/ consumed by the ultimate
consumer.
| Is This Answer Correct ? | 3 Yes | 2 No |
Post New Answer View All Answers
please give me a last 10 years sbi clerk question and answer paper
What is outsider equity and time interest period ratio?
Short Answer on ___________fluctuating capital
Expand-------ASRT
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Process of the settlement cycle?
Do you need an income statement if you do part time contract work at home?
business sepsarate entity concepts
what would you contribute for bhels growth
Expand---------MNOP
What problems might be encountered if there were no accounting standards?
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
What is Merchandising Accounting process
can you define exogenity endogenity both terms are from economics both are different from exogenous & endogenous variables. I can not find the answers. please help if you can....
how Mis reports are used?n why it is used ? explain