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

__________ tax is charged on the benefits derived from property ownership.

(a)

Income tax

(b)

wealth tax

(c)

Corporate tax

(d)

Excise duty

What are identified as causes of black money?

(a)

Shortage of goods

(b)

High tax rate

(c)

Smuggling

(d)

All of above