Question
Direct Tax and Indirect tax.
| Direct Tax | Indirect Tax |
| (a) It refers to that tax which is paid by a person on whom it is legally imposed. | (a) It refers to that tax which is imposed on one person but paid by the other. |
| (b) A direct tax is paid by a person on whom it is legally imposed. It cannot be transferred. | (b) Indirect tax is imposed on one person but paid by the other. |
| (e) In case of public finance, government first determines the volume and different ways of it’s expenditure. | (e) In case of private finance, an individual considers income first and then determines the volume of expenditure. |
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