Charge levied by the State on consumption, expenditure, privilege, or right but not on income or property. Customs duties levied on imports, extant duties on production, sales tax or value added tax (VAT) at some stage in production-distribution process, are examples of indirect taxes because they are not levied directly on the income of the consumer or earner. Since they are less obvious than income tax (because they don't show up on the wage slip) politicians are tempted to increase them to generate more state revenue. Also called consumption taxes, they are regressive measures because they are not based on the ability to pay principle.
tax collected by a retail store from a customer
it is an indirect tax
indirect tax
excise taxA+
net indirect tax = tax - subsidies
One example of indirect tax is Income Tax.
indirect tax
Indirect tax is a tax that is shifted from one taxpayer to another through an increase in the price of the good. Service tax is an example of an indirect tax because it is collected by an intermediary.
Income tax is a direct tax levied on your earnings. An indirect tax is the tax you pay if you buy something, after all, you don't have to buy the goods and so pay the indirect tax.
Indirect tax because they are impose on goods and services
According to me tds is indirect tax because the concept of indirect tax is the tax is implement on that person is not liable to pay tax its burden is transfer to another person and who is liable to pay ta
INDIRECT TAX
Yes