Answer Posted / h.r. sreepada bhagi
Direct Taxes - Taxes levied by the Government on the
assessee and borne by the assessee (Individual, Firm, Trust,
HUF, Company, etc.) Direct taxes can not be passed on by the
assessee to some other person/entity. Examples - Income Tax,
Wealth Tax, Gift Tax, etc.
Indirect Taxes - Taxes levied by the Government on the
assessee, who in turn can pass on the burden on any other
individual/entity in full or part. Examples - Excise Duty
(Cenvat), Sales Tax(VAT/CST), Service Tax, etc.
| Is This Answer Correct ? | 16 Yes | 1 No |
Post New Answer View All Answers
The Horse bought rs. 2000 on Jan.20th died, its carcase was sold for rs.50 loss rs. 1950 what is journal enty
HI FRNDS THIS IS NARESH I DONE MBA (FINANCE)IN 2011. AND I DID COMPLETE SAP FICO.I WANT TO DO START CAREER WITH SAP FICO PLZ TELL ME PLZ HAVE ANY INTERVIEW AS FRESHER IN HYD OR PLZ SEND THIS MAIL...NAINALA.NARESH@GMAIL.COM
what is the procedure to appoint an Austrlian citzen as indian company director...
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
A manufacturer want to sale his product in Rs 110/ where his manufacturing cost is 100.what will be tax for the product in different way.If he want to sale his product outside the state then what will be the taxation way. I want to know as urgent.Hope you will describe me as brakewise statement with example.
dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?
What is short term solvency ratio?
Purchase order value Rs. 10000/- 0.7% is erection chareges (inclusive of the above price) central Excise applicable & Local sales tax applicable,The above price is inclusive of all taxes.
Where should tds received should show in balance sheet?
Where do we show "Dividend paid in FFS ,either in FFO or in FFS? what is teh concept behind?
what made you take up present subject/area of specialization and what would you define as your career objectives
How to calculate Term Loan interest and the double entry for Term Loan ? What difference between hire purchase and term loan ??
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
What is fractional code and how can i get a fractional code for a particular account?
pass journal entry for Prepaid insurance