Question

List of direct and indirect taxes in india from 1961 to 2018

Answer 1

Direct taxes :- The taxes levied by the central govt on income & weaith are important direct taxes. the important taxes leveid on income are corporate tax, income tax. Taxes levied on wealth are wealth tax ,gift tax etc

Indirect taxes:- This type of taxes is not paid by someone to the authoroties and it is actually pass on to the other in the form of increased cost . They are leveid on goods and servicesproduced and purchased. Exise tax , sales tax vat, entertainment