Taxes

Hidden tax

Indirect tax refers to a type of tax that is paid by the consumer without their explicit knowledge. This tax is often included in the price of goods or services, making it somewhat hidden from the consumer's view. It is typically collected by the seller and then passed on to the government. Examples of indirect taxes include sales tax, value-added tax, and excise duties. Understanding the concept of indirect tax is important for individuals and businesses alike, as it can have a significant impact on pricing and purchasing decisions.

Related terms

Hardship clause

Understand the meaning and definition of Hardship clause in the context of stock market, trading, and investments.

MORE
Tax evasion

Understand the meaning and definition of Tax evasion in the context of stock market, trading, and investments.

MORE
Fee

Understand the meaning and definition of Fee in the context of stock market, trading, and investments.

MORE
Management expenses

Understand the meaning and definition of Management expenses in the context of stock market, trading, and investments.

MORE
Other income

Understand the meaning and definition of Other income in the context of stock market, trading, and investments.

MORE
Compensatory stock options

Understand the meaning and definition of Compensatory stock options in the context of stock market, trading, and investments.

MORE
Open Free Demat Account!

Join our 3.5 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3.5 Cr+ happy customers