Using your phone's internet browser
go to:  qna.rediff.com
Click and drag this link to
the Home icon in your browser.
Q.

What is difference between income tax and sales tax ?

Tags: sales tax, difference between income tax
Asked by Santosh, 25 Aug '07 12:04 pm
  Invite a friend  |  
  Save  |  
 Earn 10 points for answering
Answer this question  Earn 10 points for answering    
4000 characters remaining  
  
    
Keep me signed inNew User? Sign up

Answers (5)

1.

Income tax is a direct tax levied by Income tax Act, 1961 or ruled by indian govt. time to time on ind/huf/com/firm/aop etc while sales tax is an indirect tax levied by sales tax act, 1939 or ruled by indian govt. on product/manufacture/sale which is ultimately paid by consumers
Answered by Yogesh, 28 Jul '08 04:41 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
2.

Income Tax Is A central Direct Tax levied on income of a person
Sales tax is state indirect tax which is levied on sales
Answered by Nitin Wadhwani, 24 Jul '08 11:26 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
3.

Income tax is a direct tax levied by govt. while sales tax is an indirect tax which ultimately consumers have to bear.
Answered by bharti virmani, 20 Jun '08 03:09 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
4.

Income tax is giving
sales tax is taking
Answered by shreya bhagavatula, 25 Aug '07 12:14 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received
5.

Income tax is how much money you have gained in ayear and sale tax is how much prodects you sold
Answered by neera bhatt, 25 Aug '07 12:07 pm

 
  
Report abuse
Useful
 (0)
Not Useful
 (0)
Your vote on this answer has already been received

Ask a Question

Get answers from the community

600 characters remaining

Related Answer

Q.
A

The Government of India was initially very apprehensive of the introduction of the Foreign Direct Investment in the Retail Sector in India. The unorga..more