Business Studies, asked by Shreyahazra7495, 1 year ago

Discuss the relative merits and demerits of direct and indirect taxes

Answers

Answered by Geetmish
4
merits of direct taxes
it provide revenue to govt.
progressive in nature
higher tax for higher income earner
lower tax for low income earner

merits of indirect tax
pass tax burden from supplier to final customer
can claim credit of tax paid
source of revenue to govt
Answered by RiskyJaaat
2
Direct and Indirect Tax: : :Merits and Demerits. ... Taxes may be classified as direct and indirect. Direct taxesare levied on a person's or a firm's income or wealth and indirect taxeson spending on goods and services.
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