Question

difference between direct tax and indirect tax on the basis of Impact, shift of burden, nature and coverage.​

Answer 1

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Direct Tax :-

i.) Impact : direct taxes are levied on individuals and companies.

ii.) Shift of Burden : the burden of direct tax cannot be shifted.

iii.) Nature : they are generally progressive in nature.

iv.) Coverage : they have limited reach as they do not reach all the sections of the economy.

Indirect Tax :-

i.) Impact : indirect taxes levied on goods and services.

ii.) Shift of burden : the burden of indirect tax can be shifted.

iii.) Nature : they are generally proportional in nature.

iv.) Coverage : they have a wide coverage as they reach all the sections of the society.

Hope It Helps..!!

Answer 2

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ᴅɪʀᴇᴄᴛ ᴛᴀx-

•ɪᴍᴩᴀᴄᴛ-ꜰᴀʟʟꜱ ᴏɴ ꜱᴀᴍᴇ ᴩᴇʀꜱᴏɴ.

•ʙᴜʀᴅᴇɴ-ᴄᴀɴɴᴏᴛ ʙᴇ ꜱʜɪꜰᴛᴇᴅ.

•ɴᴀᴛᴜʀᴇ-ᴩʀᴏɢʀᴇꜱꜱɪᴠᴇ.

•ᴄᴏᴠᴇʀᴀɢᴇ-ᴀꜱꜱᴇꜱꜱᴇꜱꜱ.

ɪɴᴅɪʀᴇᴄᴛ ᴛᴀx-

•ɪᴍᴩᴀᴄᴛ-ꜰᴀʟʟꜱ ᴏɴ ᴅɪꜰꜰᴇʀᴇɴᴛ ᴩᴇʀꜱᴏɴ.

•ʙᴜʀᴅᴇɴ-ᴄᴀɴ ʙᴇ ꜱʜɪꜰᴛᴇᴅ.

•ɴᴀᴛᴜʀᴇ-ʀᴇɢʀᴇꜱꜱɪᴠᴇ

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