give some example of indirect anfd direct taxes?
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income tax, property tax, tax on salaries and wages, wealth tax etc. are the examples of direct tax.
sales tax, customs tax, value added tax(VAT), special/specific tax, goods and services tax (GST) etc. are the examples of indirect taxes
sales tax, customs tax, value added tax(VAT), special/specific tax, goods and services tax (GST) etc. are the examples of indirect taxes
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Income tax is a form of direct tax . The person who bears Income tax and deposits the tax with the government is the same person i.e. the person who earns income. On the other hand, VAT, Excise duty etc are examples of Indirect taxes.
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