Direct tax: The term Direct Tax is a core

The term Direct Tax is a core concept under taxation. Get to know the definition of Direct Tax , what it is, the advantages, and the latest trends here. Discover the types of taxes in India, what direct taxes and indirect taxes are and some examples of direct taxes . Understand the nuances of income tax , corporate tax , and other forms of taxation to gain insights into India's tax landscape. Direct tax is a type of tax in which the payment burden falls directly on the payer, and the liability cannot be shifted to others. Direct taxation is imposed on a person's income or wealth, such as the federal income tax , as opposed to indirect tax , which is levied on goods and services. Direct tax can be defined as a type of tax in which the incidence and impact of the tax are levied on the same person. It can be further explained as a type of tax in which the liability of paying the tax cannot be shifted to someone else.