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Wat is the main difference between Tax & duty??

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

Jayant Singh Dwivedi
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CA Shailesh +91 9393926464

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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
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CA. Yayati Tyagi

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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.
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