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,, Indirect Tax: WWW - Careerpower.in

An indirect tax is collected by an intermediary from the person who bears the ultimate economic burden of the tax. A NOSTRO account is an account held in a foreign bank by a domestic bank, and contains deposits in that foreign bank's local currency. A VOSTRO account is held by a foreign bank in the home country of the customer bank, and contains deposits in the home currency of the customer bank. Online banking allows customers to access accounts, transfer funds, pay bills, or deposit checks remotely via secure websites and apps instead of visiting a bank in person.

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59 views1 page

,, Indirect Tax: WWW - Careerpower.in

An indirect tax is collected by an intermediary from the person who bears the ultimate economic burden of the tax. A NOSTRO account is an account held in a foreign bank by a domestic bank, and contains deposits in that foreign bank's local currency. A VOSTRO account is held by a foreign bank in the home country of the customer bank, and contains deposits in the home currency of the customer bank. Online banking allows customers to access accounts, transfer funds, pay bills, or deposit checks remotely via secure websites and apps instead of visiting a bank in person.

Uploaded by

VikashKumar
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Indirect Tax

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NOSTRO Account:

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VOSTRO Account :

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www.bankersadda.com

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www.careerpower.in

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