Tag: taxation : need, principles and importance
Questions Related to taxation : need, principles and importance
GST is an _________.
GST was introduced in year _________.
Direct taxes being progressive in nature, it is help to ___________.
Consider the following statements related to the tax litigations in the country and select the correct ones using the code given below:
1. The tax department of the country is the largest litigant at every level of the judicial hierarchy.
2. The tax department of the country loses around $65$ per cent of the cases.
3. There is serious need of enhancing the tax administration and pushing for legal sector reforms in the country.
Chairman of Tax Reform Committee was ________.
Kelkar Committee report is related to _______.
Which of the following add to governments non tax revenue?
Receipts in budget can be capital or revenue. Which of these is/are capital receipts?
1- Loan recoveries
2- Provident funds deposits
3- Grants
With reference to contribution from taxes, consider the following statements:
1- Contribution from direct taxes is more than that from indirect taxes.
2- Corporation tax is the largest contributor.
Gross capital formation will increase if which of the following takes place?
1- Gross domestic saving increases
2- Gross domestic consumption increases
3- GDP increases