Multiple choice

By paying which of the following taxes, nothing can be purchased in return?

  1. Value Added Tax

  2. Municipal Tax

  3. Excise Duty

  4. Custom Duty

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

It is Municipal Tax.The municipal tax is imposed in every city on the property owned by every person. The owner of property has to pay this tax and it is levied by the Municipal Corporation of the city. As it is levied on property owned by a person, nothing can be purchased in return of Municipal Tax.