Easy Office
LCI Learning

Wat is the main difference between Tax & duty??

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 June 2008 Respected experts ,please explain the basic points of differences.between TAX & DUTY..with suitable example [if possible]...

Jayant Singh Dwivedi
Profile Image

CA Shailesh +91 9393926464

Profile Image

CA Shailesh +91 9393926464 (Expert)
01 June 2008 Tax is a term which we use in respect of income.........like Income Tax, Wealth Tax, etc.,

Duty is a term which we use in respect of Goods............. Like Customs Duty, Excise Duty
Profile Image

CA. Yayati Tyagi

Profile Image

CA. Yayati Tyagi (Expert)
02 June 2008 although every time this concept does not work, like sales tax is tax on goods. but largely this definition is correct.




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links