Accountancy, asked by AlmasK47, 10 months ago

what is difference between tax and duty?

Answers

Answered by umakumari4567
0
Tax is charged on individuals, wealth, services and sales, whereas Duty is charged on goods. There are two major types of taxes, i.e. Direct Tax and Indirect Tax. Conversely, the major types of duties are Excise duty and Customs Duty


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