Definition
An indirect tax is a tax levied on goods and services rather than on income or profits. Indirect taxes are typically included in the price of goods and services and are collected by intermediaries, such as businesses or retailers, on behalf of the government. Indirect taxes include value-added tax (VAT), sales tax, excise duty, and customs duties.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.