Sir/ Madam,
Please give me examples,
Which Taxes Come under Direct Tax
and which under Indirect Tax.
L KANAGARAJ (Assistant Manager-Finance) (615 Points)
23 July 2008Sir/ Madam,
Please give me examples,
Which Taxes Come under Direct Tax
and which under Indirect Tax.
kapilll
(Investigator)
(171 Points)
Replied 23 July 2008
those taxes whose burden are thrown entirely on u are direct taxes u cannot transfer the burden to others , like Income Tax
those taxes whose burden can be transfered further to others are indirect taxes like VAT, u add the tax amount and charge it from buyer
this is what i thought pls correct me if i m wrong
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