📝 One-liners · 181 cards

Tax Planning

Incidence — Direct Tax / Indirect Tax?
Direct Tax: Falls on the person who pays — cannot be shifted; Indirect Tax: Shifted to the final consumer
Examples — Direct Tax / Indirect Tax?
Direct Tax: Income Tax, Corporate Tax, Capital Gains Tax; Indirect Tax: GST, Customs Duty, Excise (on liquor), STT
Governing Act — Direct Tax / Indirect Tax?
Direct Tax: Income Tax Act, 1961; Indirect Tax: CGST/SGST/IGST Act, 2017
Administered by — Direct Tax / Indirect Tax?
Direct Tax: CBDT (Central Board of Direct Taxes); Indirect Tax: CBIC (Central Board of Indirect Taxes & Customs)
🔒

Unlock 181 revision one-liners

Interactive flashcard deck — flip every card to drill questions and answers, mark the ones you got wrong, and revise smarter for Tax Planning.

🪙
Unlock cost
300 coins
30-day access · re-unlocks free for 30 days
Sign in to unlock