Taxes

Duty vs Tariff

Duty vs Tariff
Duty and Tariff are two different kinds of taxes. A duty is a kind of tax being levied on specific commodities, financial transactions, estates, etc. Tariff is such as tax that is levied on imports or exports.

Exemption vs Deduction vs Rebate

Exemption vs Deduction vs Rebate
Exemption refers to the ability of a person to not pay taxes on a certain amount incurred. When deductions occur, a portion of the taxable income reduces. The tax payer pays all the taxes and then files for...

Audit vs Inspection

Audit vs Inspection
Audit is the inspection, examination or verification of a person, organization, system, process, enterprise, project or product. Inspection is the act of examining something, often closely.

Audit vs Investigation

Audit vs Investigation
Audit is the inspection, examination or verification of a person, organization, system, process, enterprise, project or product. Investigation is an inquiry, or is the act of detail examination of activities...

Audit vs Review

Audit vs Review
An audit is bothered or concerned only with the financial statements of an organization or company. On the other hand, a review is bothered or concerned only with the growth and development of an organization...

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