Taxation Laws and Rules

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Taxation Laws and Rules: Overview

This topic covers concepts, such as, Income Tax Act, Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015 & Finance Acts etc.

Important Questions on Taxation Laws and Rules

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In which year was the income tax introduced?

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------is/are treated as goods under the Sale of Goods Act.

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A enter into a contract with B a celebrated painter who agree to paint a picture for A for an agreed sum on the canvas and material supplied by A. This is a contract---

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Promises which form the consideration or part of the consideration for each other are called _____

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Stamp duty on registration of the company is payable based on _____ capital.

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The argument for a reduction in the rate of taxation to promote economic activity rests on the following premises:

1. Lower taxes increase the amount of savings.

2. Moderate taxes lead to lower prices.

3. It promotes consumption.

4. It increases the government's revenue.

Select the correct answer from the codes given below:

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Direct taxation is a better form of taxation because:

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What are the changes in Finance Act 2020?

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What is the simplest way to define finance?

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The Micro, Small, and Medium Enterprises Development Act of 2006 is a law passed by India's _______________.

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The Gram Nyayalayas Act, 2008 was enacted by the ____________ to construct Gram Nyayalayas, or village courts, for quick and easy access to justice in India's rural areas.

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How many types of taxes are there in India?

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What do you mean by income tax?

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The Financila Amendment Act 2019 requires domestic companies to pay taxes at a rate of _____%.

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What was the Gross Collection of Direct Tax for the year 2020-21?

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Income Tax Act contains.....schedules:

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Which Entry of Union List gives the power to Parliament to levy tax on incomes?

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What does the term Finance explain?

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What is the major purpose of Finance Act?

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What is the act regulated by Finance Bill?