Westonci.ca is your go-to source for answers, with a community ready to provide accurate and timely information. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Connect with a community of professionals ready to help you find accurate solutions to your questions quickly and efficiently.

with examples, differentiate between direct and indirect tax


Sagot :

. Direct taxes include tax varieties such as income tax, corporate tax, wealth tax, gift tax, expenditure tax etc. Some examples of indirect taxes are sales tax, excise duty, VAT, service tax, entertainment tax, custom duty etc.

Answer:

Direct taxes are non-transferable taxes paid by the tax payer to the government and indirect taxes are transferable taxes where the liability to pay can be shifted to others. Income Tax is a direct tax while Value Added Tax (VAT) is an indirect tax.

please mark me brainliest and follow me my friend.

View image srivastavshiv