What are the direct and indirect Tax Law in India?
Asked by Atul Arora
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1 Answer
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The Direct and Indirect Tax Laws in India are as follows:
- Direct Tax: Based on their income and wealth, people and companies are subject to direct taxes, like Income Tax - Capital Gains Tax, Corporate Tax - Gift Tax, and Securities Transaction Tax - Wealth Tax.
- Indirect Tax: Imposed by the GOI on goods and services, like Sales Tax - Custom Duty, Service Tax - Value Added Tax (VAT), and OCtroi Duty - GST.
Hope this helps.
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