Meaning and importance of taxes - class-X
Description: meaning and importance of taxes | |
Number of Questions: 18 | |
Created by: Sharvani Hegde | |
Tags: economics government and taxes tax civics |
Which of the following statements is correct?
As part of the Taxation Reforms in 1991, the rates of taxation were reduced in respect of_______________.
The VDIS-Voluntary Disclosure of Income Scheme was the brainchild of ______________.
In $2011-12$ direct taxes are around ______% of GDP.
Which of the following is not an effect of simplification of procedural aspects in Taxation?
Suppose a shopkeepers buys inputs worth $Rs. 2,00,000$ and his sales are worth $Rs. 4,00,000$ in a month. The input tax rate is $4$% and output tax rate is $10$%. What is value added tax here after set off of input tax credit?
Which of the following is not part of the Taxation Reforms in 1991?
Transfer payment includes:
________ is not a Direct Tax.
Which of the following is not part of the Taxation Reforms in 1991?
Which one of the following sources of Central revenue belongs to the category of Indirect taxes?
If final goods attracts an excise duty of Rs. 8000 and Rs. 1050 has already been paid on inputs then the firm will pay the 7000 towards excise duty. It is paying tax according to
VAT was introduced in india in which year ?
From the following information calculate interest coverage ratio: Profit after Tax Rs. 2,70,000; Tax Rs. 30,000; Interest on long term funds Rs.50,000
$NDP _{MP}$ - Indirect Taxes+ Subsides =
MODVAT is:
The following section/s of the Indian Income Tax govern the receipt of income by way of dividend by companies
If final good attracts an excise duty of Rs. 8000 and Rs. 1000 has already been paid on inputs then the firm will pay the Rs. 7,000 towards excise duty. It is paying tax according to________.