tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2010
basic difeerence between tax and duties
CA RATAN JHA
(Expert)
09 March 2010
basic concept is same. but you may differenciate as tax on non visible income/expenses but duties imposed on cisible articles.
CMA Ramesh Krishnan
(Expert)
09 March 2010
Both nature are same. but duties ward mostly used in Indirect taxes only
CA Ravi Sisodia
(Expert)
09 March 2010
Agreed
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