name the types of taxes in india and differentiate them
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There are two types of taxes namely, direct taxes and indirect taxes. The implementation of both the taxes differs. You pay some of them directly, like the cringed income tax, corporate tax, and wealth tax etc while you pay some of the taxes indirectly, like sales tax, service tax, and value added tax etc.
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Types of Taxes
Different types of taxes. India has two types of taxes, namely Direct Tax and Indirect Tax. ...
Direct Tax. Direct Taxes comprise taxes that you pay directly to the government. ...
Income Tax. ...
Gift Tax. ...
Wealth Tax. ...
Capital Gains Tax. ...
Securities Transaction Tax. ...
Corporate Tax.
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