Explain what are direct and indirect tax? what do you mean by appreciation of assets? Explain with an example?
Submitted by: AdministratorDirect taxes are nothing but , collecting tax by govt directly from the specified assesses, example is Income tax , wealth tax.
Where as indirect taxes are collecting indirectly from consumers say u are bearing excise duty on all manufactured products, Examples are VAT, Excise duty , customs duty, Service tax
Submitted by: Administrator
Where as indirect taxes are collecting indirectly from consumers say u are bearing excise duty on all manufactured products, Examples are VAT, Excise duty , customs duty, Service tax
Submitted by: Administrator
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