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Taxes are imposed by State and Central Gov. for revenue collection. There are two types of taxes. Direct Taxes and Indirect Taxes. Direct Taxes are Income Tax, [ Wealth Tax, Gift tax, Estate duty these have been abolished by the Govt. ]directly charged from assessee as per his/her income, welth etc.
whereas indirect taxes are 'Excise [abolished] custom, Gst which are imposed on Goods and or Services, from customers. that please note.
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