The tax levied on inheritances is an inheritance tax, and an estate tax can also be involved... it is levied on the assets of the deceased rather than the legacy of the inheritors.
The tax levied on inheritances is an inheritance tax, and an estate tax can also be involved... it is levied on the assets of the deceased rather than the legacy of the inheritors.
tax base
Sales tax
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)
1. Value Added tax: Tax levied on you when you purchase goods or services 2. Capital gains tax: Tax levied on you when you sell property/product for a profit. 3. Education tax: tax levied on companies for education development etc. 4. Personal income tax: Tax levied on your income or salary 5. Company (Corporate) income tax: Tax lvied on company's gross income or profit.
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)
the tax levied on gasoline is known as an excise tax.
excise tax
It is the percentage at which tax is levied.
The type of tax that is levied on the beneficiary share of an estate is known as inheritance tax. This will be assessed based on the legacies the beneficiary receives.
yes