Multiple choice

Fill blank 2.

Directions: Read the following passage with numbered blanks.

“Between the year 1964 and the year 1973, I did not file any income tax returns.” With that _____1_____ statement, Hitesh embarked on an account of his encounter with the famed Income Tax Department. “I originally owed 2,00,000 in unpaid taxes. With ____2_____ and ___3___, the 2,00,000 became 6,00,000. The Income Tax Department then went into action, and I learned first hand just how much power the Tax Department wields. Royalties and trust funds can be ____4____; automobiles may be ____5____, and auctioned off. Nothing belongs to the ___6_____ until the case is settled.”

  1. interest

  2. excise

  3. principal

  4. profits

  5. taxes

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The passage talks about taxes that have increased from Rs. 2,00,000 to Rs. 6,00,000.