What is Direct Taxes & Indirect Taxes?

Direct Taxes:
As the name suggests Direct tax means the tax which is directly paid to the government by individuals and the companies.
Ex: Corporate Tax, Personal Income Tax, Securities Transaction Tax, Banking Cash Transaction Tax, and the Fringe Benefit Tax
Indirect Taxes:
As the name suggests Indirect Taxes are those taxes which are paid indirectly to government by the individuals or the companies.
Ex: Sales Tax, Service Tax, Custom and Excise Duties, VAT and Anti-Dumping Duties

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