0
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 else can I help you with?
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What is the difference between an estate tax and a gift tax?
An estate tax is a tax on the transfer of a person's assets after they pass away, while a gift tax is a tax on the transfer of assets during a person's lifetime.
What is the difference between ordinary and qualified dividends?
The main difference between ordinary and qualified dividends is how they are taxed. Ordinary dividends are taxed at the individual's regular income tax rate, while qualified dividends are taxed at a lower capital gains tax rate.
What is the difference between taxable and tax-exempt bonds?
Taxable bonds are subject to federal income tax on the interest earned, while tax-exempt bonds are not subject to federal income tax on the interest earned.
What is the difference between a roth and a traditional IRA?
traditional is pre-tax and roth is post-tax , meaning traditonal is tax deferred until you take disbursment and roth is taxed already.
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.
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 the difference between duty and cess?
When govt. collects tax on goods, it is called as "duty" (eg., excise duty, customs duty) When govt. collects tax for particular purpose, it is called as "cess" S.Ramachandran Professional Impex Pvt Ltd Chennai
Difference between excise duty and custom duty?
Duty and tax differs in the sense that the former one is implied only on financial transactions, commodities, estates and the like, where the latter is mainly levied on both goods and individuals. Duties are generally inputs and are tagged with a “cost” perspective. On the other hand, taxes generally are inputs and are tagged on an “income or value” perspective.Read more:Difference Between Duty and Tax | Difference Between | Duty vs Taxhttp://www.differencebetween.net/miscellaneous/politics/difference-between-duty-and-tax/#ixzz2ObX4LMbP
Difference between Indian tax and us tax?
Indian tax is based on duties, A tax is a standard rate that is applied to material goods. A duty is applied to something, and must be paid, based on the estimated value of the item.
Difference between fundamental rights and fundamental duty?
difference between duty and right difference between duty and right my answer is: duty is an obligation while right is freedom to exercise a duty like voting. there is a "moral" duty to vote but the right to ignore that duty [ obligation ] to your peril i might add
What is the difference between direct tax and non-direct tax?
difference b/w direct tax and indirect tax
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What is the difference between duty and tax?
I think duties are levied on goods, whether those are not sold or purchased. Tansaction is not required for duties. Taxes can be levied on transaction. -gajanan khanande
Is there a difference between call of duty advance warfare and call of duty advance warfare day zero edition?
Yes, there a difference between call of duty advance warfare and call of duty advance warfare day zero edition.
What is the difference between 1040a tax forms and 1040ez tax forms?
The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
