what is the difference between direct taxes and indirect taxes?
Question
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Answers ( 2 )
Direct Tax- It can not be transfered or shifted to the another person.
Indirect Tax- It can be shifted to another person.
Direct tax is directly paid to the government.Its burden cannot be shifted to others. Ex -income tax indirect tax is paid to govt indirectly. It is m ainly applied on manufacture or sale of goods and services.
Ex-sales tax