What is Direct tax & Indirect tax | Types, Differences between Direct tax & Indirect tax explained

From this video you will learn What is Direct taxes and Indirect taxes & how it works, Types of Direct taxes, Advantages of Direct Taxes, Disadvantages of Direct Taxes, Indirect tax, Advantages of Indirect taxes, Disadvantages of Indirect taxes, Direct taxes and Indirect taxes explained for beginners in english. Direct taxes: Direct taxes are one type of tax that is levied directly on an individual taxpayer or an organisation who pays it to the government and cannot pass it on to someone else. Direct taxation is levied on income, wealth and profit. Types of Direct taxes: - Income tax - Transfer tax - Property tax - Capital gains tax Advantages of Direct Taxes: - It promotes equality - It curbs inflation - Promotes certainty - Economical Disadvantages of Direct Taxes: - Evadable - Disincentive - Creates social conflict Indirect tax: These taxes are not levied directly on the income, profit or revenue of an individual but rather on the expenses that they incur. GST or the Goods and Services tax is a good example of indirect tax. Advantages of Indirect taxes: - Everyone can contribute - They are convenient - They cannot be evaded - They are spread over a wide range Disadvantages of Indirect taxes: - They can be regressive - They raise the price of the commodities ------------------------------------------------------------------------------------------------------------------- #Directtax, #indirecttax, #DirectTaxandIndirectTax, #TypesofDirecttaxes, #AdvantagesofDirectTaxes, #Disadvantagesof DirectTaxes, #AdvantagesofIndirecttaxes, #DisadvantagesofIndirecttaxes, #Incometax, #Transfertax, #Property , #Capitalgainstax #Simplyinfo, ------------------------------------------------------------------------------------------------------------------ Music: Ukulele - Bensound ---------------------------------------------------- ....... Our Mantra: Information is Opportunity. Knowledge is Power. Be Informed - Be Powerful! SUPPORT US: SUBSCRIBE / LIKE / SHARE / COMMENT :) Subscribe Link: ....... CONNECT US: Website: Facebook: Twitter: YouTube: Slideshare: Pinterest: Instagram: YouTube Subscribe Link: ....... OTHER PLAYLISTS TO EXPLORE: Games & Sports: Jobs & Career Info: Business Management: Information Technology: Physics Concepts: Education & Learning: Filmmaking Concepts: Psychology Concepts: Indian Law Concepts: Economics Concepts: ....... About : We provide the best info bytes videos in a very simple and effective way to learn, to revise and to master micro-content information. We simplify information in a wide variety of categories. PLEASE SUBSCRIBE to the channel for support. For any kind of courses / tutorials - Ask in the Comments. Visit our website: for all kinds of Courses and Info Videos. Contact Us: simplyinfo9@ Be Blessed with Love, Health & Happiness. Cheers & Have Fun :) Team P.S. CLICK BELOW LINK TO SUBSCRIBE FOR UPDATES. SUBSCRIBE LINK: