In India, taxes are including

(a)

Direct taxes

(b)

Indirect taxes.

(c)

Both (a) and (b)

(d)

None of these

The most common and important tax levied on an individual in India is

(a)

Service tax

(b)

Excise duty

(c)

Income tax

(d)

Central sales tax

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

(a)

1860

(b)

1870

(c)

1880

(d)

1850

What are identified as causes of black money?

(a)

Shortage of goods

(b)

High tax rate

(c)

Smuggling

(d)

All of above

Payments are

(a)

Fees and fines

(b)

Penalties and forfeitures

(c)

None of the above

(d)

a and b

The term sulka refers to

(a)

Direct tax

(b)

Indirect tax

(c)

Export duty

(d)

Customs duty

The revenue of the government depends upon

(a)

direct taxes

(b)

indirect taxes

(c)

Both (a) and (b)

(d)

None of these

From_______ , may economists have given lists of canons of taxation.

(a)

Adam Smith

(b)

Keynes

(c)

Marshall

(d)

None of these

______tax is levied on the individuals and companies alike.

(a)

Excise duty

(b)

Stamp duty

(c)

Income tax

(d)

Wealth tax

The major indirect taxes in India are________

(a)

customs duty

(b)

GST

(c)

both (a) and (b)

(d)

none of the above