What is direct tax What is profit and loss account.

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Direct tax is a tax that is paid directly to the government by the taxpayer. Profit and loss account is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period of time.

Direct tax is a tax that is levied on income or wealth, such as income tax, corporate tax, and wealth tax.
Direct tax is paid directly to the government by the taxpayer, without any intermediary.
Profit and loss account is a financial statement that shows a company's revenues, expenses, and net income or loss over a specific period of time, usually a year.
The profit and loss account is an important tool for evaluating a company's financial performance and making business decisions.
The profit and loss account is also known as the income statement or statement of operations.

What is direct tax What is profit and loss account.

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