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Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)
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What is the difference between Duty-Free and Duty-Paid?
first of all duty means 'tax'. for goods we have to pay tax i.e duty paid, duty free means tax free.
A tax on imports is referred to as a?
duty tax
What is tax for 22.83?
Sales tax? Income tax? Import duty?
Is import duty a direct tax or indirect tax?
indirect tax
Is a excise duty a direct tax?
No. It is indirect tax.
Can you claim stamp duty for tax?
You can claim stamp duty for tax because when purchasing property, stamp duty is only included in its cost base.
What is full form of CESS?
CESS is a synonym for tax, duty, fee, etc. When tax is applied to income, its called INCOME TAX... When tax is applied to goods, its called DUTY, say, EXCISE DUTY, CUSTOMS DUTY, etc... When tax is applied to a particular purpose, its called CESS, say, EDUCATION CESS, HIGHER & SECONDARY CESS...
Difference between cess and duty?
Cess tax is a type of tax that is earmarked to fund a certain cause with its proceeds. Duty is any tax that is paid on imports.
What is difference between tax and duty?
Tax is a broad term & duty is a part of tax.......Tax levied on person, product, services & assets for example-INCOME TAX levied on person,VAT levied on sale of products,SERVICE TAX levied on providing taxable services, WEALTH TAX levied on assets..........Genrally DUTY levieble on goods for example-EXICE DUTY levieble on manufaturing of goods, CUSTOM DUTY levieble on import & exports of goods...........................Sachin gupta from jhalawar (RAJASTHAN)
What is an impost?
a tax; tribute; duty.
What is Supplementary Tax?
supplementary duty
Duty tax on imports?
customs
