CA Foundation Exam > CA Foundation Videos > Business Economics for CA Foundation > Direct & Indirect Tax
Direct & Indirect Tax Video Lecture | Business Economics for CA Foundation
|
135 videos|190 docs|88 tests
|
FAQs on Direct & Indirect Tax Video Lecture - Business Economics for CA Foundation
| 1. What is the difference between direct and indirect taxes? |  |
Ans. Direct taxes are taxes that are directly levied on individuals or entities, such as income tax or property tax. These taxes are paid directly by the taxpayer to the government. On the other hand, indirect taxes are taxes that are levied on the sale or consumption of goods and services, such as value-added tax (VAT) or sales tax. These taxes are passed on to the consumers by the businesses that collect them.
| 2. What is the purpose of direct taxes? | |
Ans. The purpose of direct taxes is to raise revenue for the government and distribute the tax burden based on the ability to pay. Direct taxes are usually progressive, meaning that the tax rate increases as the income or wealth of the taxpayer increases. This helps to reduce income inequality and fund government programs and services.
| 3. What are some examples of indirect taxes? | |
Ans. Some examples of indirect taxes include goods and services tax (GST), customs duties, excise tax, and value-added tax (VAT). These taxes are typically included in the price of goods or services and are collected by businesses on behalf of the government.
| 4. How are direct and indirect taxes collected? | |
Ans. Direct taxes are usually collected through a system of withholding tax, where the employer deducts the tax from the employee's paycheck and remits it to the government. Indirect taxes, on the other hand, are collected by businesses at the point of sale and remitted to the government.
| 5. What are the advantages and disadvantages of direct and indirect taxes? | |
Ans. Direct taxes have the advantage of being progressive, meaning that they can help reduce income inequality. However, they can also be complex to administer and may result in tax evasion. Indirect taxes, on the other hand, are relatively easy to administer and collect. However, they tend to be regressive, meaning that they have a greater impact on low-income individuals or households. Additionally, indirect taxes may lead to higher prices for goods and services.
Related Exams
About this Video
|
4.67/5 Rating |
|
Nov 22, 2024 Last updated |
Video Description: Direct & Indirect Tax for CA Foundation 2024 is part of Business Economics for CA Foundation preparation.
The notes and questions for Direct & Indirect Tax have been prepared according to the CA Foundation exam syllabus.
Information about Direct & Indirect Tax covers all important topics for CA Foundation 2024 Exam.
Find important definitions, questions, notes, meanings, examples, exercises and tests below for Direct & Indirect Tax.
Introduction of Direct & Indirect Tax in English is available as part of our Business Economics for CA Foundation for CA Foundation & Direct & Indirect Tax in
Hindi for Business Economics for CA Foundation course. Download more important topics related with notes, lectures and mock test series for
CA Foundation Exam by signing up for free.
Description
Video Lecture & Questions for Direct & Indirect Tax Video Lecture | Business Economics for CA Foundation - CA Foundation full syllabus preparation | Free video for CA Foundation exam to prepare for Business Economics for CA Foundation.
Information about Direct & Indirect Tax
Here you can find the meaning of Direct & Indirect Tax defined & explained in the simplest way possible.
Besides explaining types of Direct & Indirect Tax theory, EduRev gives you an ample number of questions to practice Direct & Indirect Tax tests,
examples and also practice CA Foundation tests.
|
135 videos|190 docs|88 tests
|
|
Explore Courses for CA Foundation exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Free
,Previous Year Questions with Solutions
,Sample Paper
,study material
,mock tests for examination
,Semester Notes
,MCQs
,Direct & Indirect Tax Video Lecture | Business Economics for CA Foundation
,shortcuts and tricks
,Viva Questions
,Objective type Questions
,Direct & Indirect Tax Video Lecture | Business Economics for CA Foundation
,practice quizzes
,Important questions
,Extra Questions
,Summary
,Exam
,Direct & Indirect Tax Video Lecture | Business Economics for CA Foundation
,video lectures
,ppt
,past year papers
;
Study Direct & Indirect Tax on the App
Students of CA Foundation can study Direct & Indirect Tax alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the Direct & Indirect Tax,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of Direct & Indirect Tax is prepared as per the latest CA Foundation syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup