Difference between Direct Tax and Indirect Tax | Direct Tax vs Indirect Tax #taxeducation

🔴 Types Of Taxes In India India’s tax structure is divided into direct taxes and indirect taxes. Direct taxes, governed by the Central Board of Direct Taxes (CBDT), are levied on income or profits, and the burden cannot be transferred to others. Indirect taxes, administered by the Central Board of Indirect Taxes and Customs (CBIC), are imposed on goods and services and can be passed along the supply chain to the end consumer. 🫵🏻 Direct Taxes Direct tax is levied on people's income or profits. For example, a taxpayer pays the government for different purposes, including income tax, personal property tax, FBT, etc. The burden has to be borne by the person on whom the tax is levied and cannot be passed on to someone else. The Central Board of Direct Taxes (CBDT) governs and administers the Direct Tax. 🫵🏻 Indirect Taxes Indirect tax is levied by the government on goods and services. Therefore, the tax burden can be shifted on the end consumer. For example, the wholesaler can pass it on to retailers, who then pass it on to customers. Therefore, customers bear the final burden of indirect taxes. The Central Board of Indirect Taxes and Customs (CBIC) governs and administers indirect taxes. ======================================== 🔴 This video might be useful for students preparing for - 🫵🏻 11th Commerce #11thcommerce 🫵🏻 12th commerce boards #12thcommerce 🫵🏻 CUET #cuet 🫵🏻 CSEET(CS FOUNDATION ICSI) #cseet 🫵🏻 CA Foundation #cafoundation 🫵🏻 UGC NET COMMERCE #ugcnetcommerce 🫵🏻 LLB #llb 🫵🏻 UGC NET LAW #ugcnetlaw 🫵🏻 Economics Students ======================================== 🔴 In this video- Teacher's Name - CS Payal Popli Topic - Direct Taxes vs Indirect Taxes #padhakulog =============================================== 🫵🏻 Connect with us- 🗣️Instagram- https://instagram.com/padhaku_log?igs... 🗣️Facebook-   / padhaku-log-101091301476679   🗣️Mail id- [email protected] 🗣️Watsapp-9630227777 🗣️Telegram-9630227777 =============================================== ❤️About us: Padhaku Log is a platform specially created for those students who live in remote areas and don’t have access to fancy coaching classes. A channel which wants to bring parity in knowledge level of all.