Economy, asked by sapnakumari98674, 5 hours ago

what is this direct and indirect taxes?​

Answers

Answered by kambleanjali74935
1

Answer:

Though the actual definitions vary between jurisdictions, in general, a direct tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax.

Answered by TheBrainlyUser96
1

Answer:

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While direct taxes are imposed on income and profits, indirect taxes are levied on goods and services. A major difference between direct and indirect tax is the fact that while direct tax is directly paid to the government, there is generally an intermediary for collecting indirect taxes from the end-consumer.

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