Deffination:- A tax is a charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities.
Type Of Tax:- There are two type of taxex in India Direct Tax and Indirect Tax
Direct tax includes -- income tax, gift tax, capital gain tax, etc .
Indirect tax includes -- value-added tax, service tax, goods and services tax, customs duty, etc.
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