Explain direct tax and indirect tax with examples. Differentiate it. How it is impose?
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Direct tax is a tax which is submitted by any individual or organization directly to the government as it is imposed to them based on their net worth . On the other hand Indirect tax refers to those tax are liable to pay an can be shifted to others , these are administered and governed by the CentraRead more
Direct tax is a tax which is submitted by any individual or organization directly to the government as it is imposed to them based on their net worth . On the other hand Indirect tax refers to those tax are liable to pay an can be shifted to others , these are administered and governed by the Central Board of Indirect Taxes and Customs . Example are sales tax , customs duty etc . Direct tax governed by Central Board of Direct Taxes .
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