Fixed Assets Interview Question:

Explain what are direct and indirect tax? what do you mean by appreciation of assets? Explain with an example?

Submitted by: Administrator

Direct 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