The three levels of governments in India are

(a)

Union, state and local

(b)

Central, state and village

(c)

Union, municipality and panchayat

(d)

None of the above

In India, taxes are including

(a)

Direct taxes

(b)

Indirect taxes.

(c)

Both (a) and (b)

(d)

None of these

Under which tax one nation, one uniform tax is ensured?

(a)

Value added tax (VAT)

(b)

Income tax

(c)

Goods and service tax

(d)

Sales tax

Income tax was introduced in india for the first time in the year __________ .

(a)

1860

(b)

1870

(c)

1880

(d)

1850

Tax evasion is the illegal evasion of taxes by

(a)

Individuals

(b)

Corporations

(c)

Trusts

(d)

All of the above

Payments are

(a)

Fees and fines

(b)

Penalties and forfeitures

(c)

None of the above

(d)

a and b

Define tax.

Write the canons of tax system?

What are the types of tax? Give examples.

What is progressive tax?

What is tax evasion?

Write any two difference between tax and payments?

__________ is levied by government for the development of the state’s economy.

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Tax

The origin of the word ‘tax’ is from the word __________.

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Taxation    

The burden of the __________ tax cannot be shifted to others.

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Direct

The Goods and Service Tax act came into effect on __________.

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1 July 2017

The unaccounted money that is concealed from the tax administrator is called __________.

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Black money

Income Tax

(1)

1 July 2017

Excise duty

(2)

Value Added Tax

VAT

(3)

Direct tax

GST

(4)

Indirect tax

Black money

(5)

Smuggling

Which of the following statement is correct about GST?
(i) GST is the ‘one point tax’.
(ii) This aims to replace all direct taxes levied on goods and services by the Central and State governments.
(iii) It will be implemented from 1 July 2017 throughout the country.
(iv) It will unified the tax structure in India.
a) (i) and (ii) are correct
b) (ii), (iii) and (iv) are correct
c) (i), (iii) and (iv) are correct
d) All are correct

Write the structure of GST.

What is black money? Write the causes of black money.