Friday, March 27, 2020

what is the different between withholding tax , Sales Tax and Income Tax?

Ester Bryand: Sales tax is payable on sale of goods. Income Tax is payable on total income earned during a financial year. The former is levied by the State Government while the latter is collected by the Union Government. Thus, both are two different taxes.Withholding tax is incometax deducted by parties who make payments to you. This is also called Tax deducted at Source (in India). Withholding tax is a term used abroad....Show more

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