What are the Indirect Taxes ? Meaning ↓
An indirect tax is one in which the burden can be shifted to others. The tax payer is not the tax bearer. The impact and incidence of indirect taxes are on different persons. An indirect tax is levied on and collected from a person who manages to pass it on to some other person or persons on whom the real burden of tax falls. For e.g. commodity taxes or
Wednesday, 29 December 2010
Indirect Tax Meaning - Merits and Demerits of Indirect Taxes
Posted on 19:31 by Unknown
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