Classification of taxes and definition

Advocate Ravinder (Querist) 01 September 2014 This query is : Resolved
Dear Experts,

I have collected information from the net regarding tax and its classification, but I could not get information about them in detail. Can anybody kindly explain me example wise, the following, for each category. I am very new to the subject of taxation, hence I sought your help. Also tell me whether TDS is direct tax or indirect tax.

1. Income Tax
2. Wealth Tax
3. Capital gain tax
4. Property Tax
5. Gift Tax
6. Corporate Tax
7. Service Tax
8. Custom duty
9. Excise Duty
10. Sales Tax
11. Commercial Tax
12. VAT
13. Direct Tax
14. Indirect Tax.

Ravinder, Advocate, Hyd.

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Devajyoti Barman (Expert) 01 September 2014
Academic query...........

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Classification of taxes and definition

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