what is the difference between direct tax and indirect tax
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Answer Posted / brjsh-9899449348-brjshgupta26@
LEVIED = Direct Tax Levied on persons for Income earned or
for Activities Conducted whereas Indirect Tax Levied on
Products and Services.
INCIDENCE OF BURDEN = Direct Tax borne by the person
himself on whom it is levied whereas borne by the ultimate
Consumer of Product or Services.
COLLECTION OF TAX = In Direct Tax Collection of Tax is
Difficult whereas in In-direct Tax collection of Tax is
easier.
SHIFTING OF BURDEN = In Direct Tax there is no shifting of
burden whereas in In-direct Tax , burden is shifted to
ultimate consumer.
EXAMPLES = Examples of Direct Tax are Income Tax, Wealth
Tax, Professional Tax,House Tax, Water Tax, Electricity Tax
etc.Examples of In-direct Tax are Sales Tax (VAT), Custom
Duty,Services Tax, Excise Duty etc.
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