Question

DIFFERENCE between Direct tax and indirect tax on the basis of impact, shift of burden, nature and coverage.​

Answer 1

$\huge{\underline{\underline{\mathbf{Direct\:Tax--}}}}$

✔•ɪᴍᴩᴀᴄᴛ-ꜰᴀʟʟꜱ ᴏɴ ꜱᴀᴍᴇ ᴩᴇʀꜱᴏɴ.

✔•ʙᴜʀᴅᴇɴ-ᴄᴀɴɴᴏᴛ ʙᴇ ꜱʜɪꜰᴛᴇᴅ.

✔•ɴᴀᴛᴜʀᴇ-ᴩʀᴏɢʀᴇꜱꜱɪᴠᴇ.

✔•ᴄᴏᴠᴇʀᴀɢᴇ-ᴀꜱꜱᴇꜱꜱᴇꜱꜱ.

$\huge{\underline{\underline{\mathbf{Indirect\:Tax--}}}}$

✔•ɪᴍᴩᴀᴄᴛ-ꜰᴀʟʟꜱ ᴏɴ ᴅɪꜰꜰᴇʀᴇɴᴛ ᴩᴇʀꜱᴏɴ.

✔•ʙᴜʀᴅᴇɴ-ᴄᴀɴ ʙᴇ ꜱʜɪꜰᴛᴇᴅ.

✔•ɴᴀᴛᴜʀᴇ-ʀᴇɢʀᴇꜱꜱɪᴠᴇ

✔•ᴄᴏᴠᴇʀᴀɢᴇ-ɢᴏᴏᴅꜱ ᴀɴᴅ ꜱᴇʀᴠɪᴄᴇꜱ ʙᴜᴛ ᴛʜᴀᴛ ᴏɴᴇ ᴡʜɪᴄʜ ᴀʀᴇ ᴩᴀɪᴅ.

Answer 2

Heya!

Here is ur answer...

DIRECT TAX

>> Direct tax is a tax..which is paid directly by an individual or an organization

>> For example..tax paid to the Govt. like

- Income tax

- personal tax

- Property tax

etc...

INDIRECT TAX

>> Indirect tax is a tax which is collected by the Intermediatery person..from the person who bears the economic burden

>> For example

-VAT(value added Tax)

-Service Tax

-Excise Tax

etc