tax

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Mohini

Mohini (Querist)
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19 March 2010 what's diff between direct tax & indirect tax

Pragnesh

Pragnesh (Expert)
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19 March 2010 A direct tax is one paid directly to the government by the persons (juristic or natural) on whom it is imposed (often accompanied by a tax return filed by the taxpayer). Examples include some income taxes, some corporate taxes, and transfer taxes such as estate (inheritance) tax and gift tax.

An indirect tax (such as sales tax, value added tax (VAT), or goods and services tax (GST)) is a tax collected by an intermediary (such as a retail store) from the person who bears the ultimate economic burden of the tax (such as the customer)

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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19 March 2010 AGREE

Mohini

Mohini (Querist)
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19 March 2010 thank you sir.

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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19 March 2010 agree

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
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19 March 2010 Agreed

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