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1) Compulsion : In Taxation , Taxes are compulsory payment whether they are direct and indirect. While in debt , Public debt are voluntary and not compulsory with the exception of when they are increased during crisis like war.
2) Limits : In Taxation , Taxes cannot be increased beyond maximum taxable ability
of the people. While in debt , there are no such limits in public debt.
What else can I help you with?
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
What is the difference between debt settlement vs bankruptcy?
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
What is the difference between a liquidated debt and an unliquidated debt?
The difference between an unliquidated debt and a liquidated debt is this: Liquidated Debt: A debt that has an exact monetary value. Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor. Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.
What is the difference between direct tax and non-direct tax?
difference b/w direct tax and indirect tax
What is the fine line difference between commercial debt and consumer debt?
Commercial debt is taken by businesses to manage operations, expansion, or working capital needs. It is usually repaid from business income, and lenders evaluate factors like business turnover, profitability, and cash flow before approval. Consumer debt, on the other hand, is taken by individuals for personal needs such as education, housing, emergencies, or lifestyle expenses. This type of debt is repaid from personal income, like salary, and approval depends on factors such as credit score, income stability, and existing liabilities. Understanding this difference is important when choosing the right type of loan. Platforms like LoansJagat help users clearly understand various loan options, whether business-related or personal and guide them in selecting suitable solutions based on their financial needs.
What is difference between loan and debt?
loan is money borrowed and debt is money owed. :-)
What is the difference between a tax paid by buyers and tax paid by sellers?
the only difference between tax paid by buyers and tax paid by sellers is who sends the money to the government. Manga economics student
What is the difference between debt and loan?
A debt is something you owe someone, a loan is something you borrow
Tax debt is what type of debt to a company?
Tax debt refers to the tax paid on the amount of debt the company has outstanding still. This varies significantly by company and non-profits do not pay tax.
What is the difference between debt settlement vs bankruptcy?
There is a subtle difference between debt settlement and bankruptcy. Debt settlement allows a person to pay off some of their debt with their creditors. Bankruptcy claims do not result in payment of the debt. Either practice creates bad credit scores for the consumer.
What is the difference between 1040a tax forms and 1040ez tax forms?
The difference between 1040a tax forms and 1040ez tax forms is that it depends on if the person is a dependent or an independent person. It also matters on how much you make.
Difference between debt settlement and negotiation?
No difference, 2 different words for the same thing.
Difference between income tax act and income tax rule?
The income tax act focuses its concern on total income and the income tax rule focuses on which types of income are taxable. That is the biggest difference between the two.
What is the difference between a liquidated debt and an unliquidated debt?
The difference between an unliquidated debt and a liquidated debt is this: Liquidated Debt: A debt that has an exact monetary value. Unliquidated Debt: A debt that is undisputed as to its amount, but still under the liability of the debtor. Each one of these debts has a statute of limitations to it. I believe they stand at 3 years for liquidated debt, and 6 years for unliquidated debt. These numbers are for Colorado and can change from state to state based on their rulings.
Difference between the tax planning and tax avoidance?
Tax planning is legal while tax avoidance will get you into a lot of trouble
