21.
Special assessment is also known as
A
VAT
B
None of the above
C
Tax Revenue
D
Battement Levy
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Special assessment is also known as
VAT
None of the above
Tax Revenue
Battement Levy
In India service tax was introduced in
1999-2000
2005-06
1991-92
1994-95
The following is a characteristic of a direct tax
The impact and incidence are on the same person
All of the above
Incidence may be shifted
Imposes more burden on poor
The following is a characteristic of indirect tax
Taxes are progressive in nature.
All of the above
The impact and incidence are not on the same person.
It is levied on income.
The following is not a characteristic of a tax
There is a quid-pro-quo between the tax payer and the Government
Refusal to pay tax is a punishable offence
It is a compulsory payment
Every tax involves a sacrifice by tax payer
On what broad aspect of commodities are indirect taxes imposed
Movement
All of the above
Production
Sales
The following is an example of administrative non-tax revenue
Fees
Grants
Surplus of public undertaking
Gifts
The following is an example of commercial non-tax revenue
Fines
Surpluses
Gifts and Grants
Fees
Transfer Payments include
Wealth Tax
Corporate Income tax
Old Age Pension
Subsidies
Which of the following is not a direct tax?
Wealth Tax
Corporate Income Tax
Personal Income Tax
Service tax
The objective of taxation by the Government are
To remove disparities in the distribution of income
All of the above
Raising revenue for the state
To maintain economic stability