Difference between direct & indirect tax?
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Posted by Vanshika Kaushik 5 years, 2 months ago
- 2 answers
Meghna Thapar 5 years, 2 months ago
Direct taxes are taxes on income, property, capital gains etc. On the other hand, indirect taxes are taxes on goods and services. ... Now, in the case of indirect taxes, the rich and poor should pay equal tax rate while they purchase a commodity. Here, indirect taxes don't consider the income of the consumer. While direct taxes are imposed on income and profits, indirect taxes are levied on goods and services. A major difference between direct and indirect tax is the fact that while direct tax is directly paid to the government, there is generally an intermediary for collecting indirect taxes from the end-consumer.
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Mohin Chauhan 5 years, 2 months ago
0Thank You