Types of Tax - class-X
| Description: types of tax | |
| Number of Questions: 92 | |
| Created by: Vijay Puri | |
| Tags: public revenue government and taxes economics public finance and budget the government budget and taxation social science government budget and taxation legal studies fiscal economics fiscal policy arbitration tribunal adjudication and alternate dispute resolution tax and its importance |
The salary/emoluments of which of the following is exempted from income tax?
Tax payments to the government do not provide any direct benefit to the tax payer.
Indirect taxes cannot be avoided in any circumstances.
Direct taxes have limited reach as compared to indirect taxes.
Direct tax is called direct because it is collected directly from __________________.
The tax levied by the union government on income of individuals is known as _____.
Which of the following is a union tax?
Which one of the following is an indirect tax?
Which of the following is a direct tax?
Which of the following is/are indirect tax(es)?
__________ is a direct tax; _________ is an indirect tax.
Who imposes corporate tax in India?
Levy of excise duty on a product has_____.
In a developing economy ________ plays a role.
Which of the following is true about service tax in India?
A tax that takes away a higher proportion of ones income, as the income rises is termed as __________.
Which of the following taxes are included in price?
Direct tax is _________ in nature.
$GDP FC = GDP _MP$ - ____+ Subsidies.
In India, we have __________.
CENVAT stands for _________.
Find the correct statement.
At present, Direct Taxes in India consist of ______________.
Whether the registered person will get immunity from interest & late fee leviable if assessment order passed u/s 62(1) is withdrawn?
From when will the period of one or three years be calculated under Section 143?
Select the production taxes imposed in India from the list give below, using the code:
1. Goods and Services Tax
2. Land Revenue
3. Profession Tax
Recently, India shifted to a new method for measuring its national income. The new method classifies taxes into 'product' and 'production'. Select the statements given below which are correct about these taxes. using the code—
1. Both of the taxes arc imposed on the producers.
2. While product taxes are variable, the production taxes are fixed.
3. Land revenue. profession tax, stamps and registration fees are some of the examples of production taxes in India.
4. Sales tax, excise duty, service tax, export and import taxes are the examples of product taxes in India.
Revenue of the state governments is raised from the following sources, except ____________.
Excise duty tax is levied on the _______.
Among the tax revenues of the Central government, the leading source is _____.
Which types of tax helps in reducing disparities of income?
Which of the following holds true for an indirect tax _____.
Consider the following statements and identify the right one:
I- Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
II- The constitution also provides for transferring certain tax revenues from union list to states.
The tax levied on the interstate trade of goods is _____.
Consider the following statements and identify the right ones.
I- Wealth tax is collected from productive as well as unproductive assets
II- Estate duty was a type of large estates
The tax on net income of companies is _______.
Which of the following taxes is/are withdrawn or abolished?
The most important source of revenue to the states is _______.
_________ is an example of direct tax.
When tax is charged on the basis of value of the goods being taxed it is called __________.
Which of the following is NOT true about indirect tax?
Who of the following was appointed as the Additional Secretary in the Goods and Services Tax (GST) Council?
Which of the following tax is imposed by the central government but collected and kept by the state governments?
The practice of RBI lending to government through ad hoc treasury bills is _______.
Which of the following are direct taxes?
I. Income tax
II. Goods & Service Tax
III. Gift Tax
IV. Custom Duty
GDP at factor cost = ___________.
Which of the following equation is correct?
Excise Duty, Customs Duty, Service Tax, Sales Tax, Purchase Tax, Entry Tax, etc. are examples of ______________.
In which year Income Tax was first introduced ________.
Income Tax is an example of ____________.
Which of the following is a Direct Tax?
Which of these is a Direct Tax item?
_____________ are directly incurred and paid by the person concerned.
Indirect Taxes are imposed on __________.
Which is of the taxes are included in prices?
__________ are paid by one person (Assessee / Dealer) but recovered from another person (Consumer).
Which of these is not a Direct Tax item?
Find the tax which is Direct Tax among the following :
Which of the following taxes have been abolished?
Income Tax is a tax on ______________.
Which of the following is not a feature of Direct Taxes?
Which of the following is not a direct tax?
High Rate of Indirect Taxes on goods like narcotics, tobacco and liquor, serve ____________ by discouraging their consumption.
Which of the following taxes have been abolished?
Which of the following taxes are imposed by the State Govt?
Which of the following is not an Indirect Tax?
Which of these is subject to flat rate of tax?
Which of these is subject to different slab rates of tax?
_______________ is levied on the income of Registered Companies.
Personal Income Tax is Levied to _____________.
Corporate Income Tax relates to ____________.
Corporate Tax is on the basis of __________.
Wealth Tax is a tax on ___________.
___________ was introduced in 1957 and abolished in 2016.
____________ was introduced in 1958 and abolished in 1998.
In India, the majority of the contribution to Tax Revenue is by way of ____________.
Which of the following statements is incorrect?
Find the correct statement:
Indirect taxes minus Subsidies is called ______________.
MODVAT is a tax on __________.
Tax rate for domestic companies in India is at __________.
Taxes on production is usually ___________.
Tax rate for foreign companies in India is _________.
Which of the following is an indirect tax?
Which of the following is a direct tax?
Which of the following is not indirect tax?
Which of the following are indirect taxes?
(i)Custom duties
(ii)Excise duties
(iii)Sales-tax
(iv)Estate duties
Which of the following is not a part of direct tax?
What does the term 'incidence of taxation' suggest about?
Which of the following comes under direct tax?
Which of the following is not a non-tariff barrier?
Dematerialization of TDS certificates had been effective from _________.