Direct Taxes

IMPORTANT

Direct Taxes: Overview

This topic covers concepts, such as Taxes and Revenues, Defining Direct Taxes, Personal Income Tax, Corporate Income Tax, Wealth or Capital Tax, Net Wealth Tax, and Securities Transaction Tax.

Important Questions on Direct Taxes

MEDIUM
IMPORTANT
Test of General Awareness>Direct and Indirect Taxes>Direct Taxes> Q 1

Income tax is a _____

HARD
IMPORTANT
Test of General Awareness>Direct and Indirect Taxes>Direct Taxes> Q 2

Which of the following is not an example of a Direct tax?

HARD
IMPORTANT
Test of General Awareness>Direct and Indirect Taxes>Direct Taxes> Q 3

Which is the highest administrative authority of Income Tax in India?

HARD
IMPORTANT
Test of General Awareness>Direct and Indirect Taxes>Direct Taxes> Q 4

What is the approximate rate of Corporate Income Tax under the new tax regime?

HARD
IMPORTANT
Test of General Awareness>Direct and Indirect Taxes>Direct Taxes> Q 5

What was the rate of Wealth Tax imposed between 1950 - 2015?

MEDIUM
IMPORTANT
Test of General Awareness>Direct and Indirect Taxes>Direct Taxes> Q 6

Which of the following taxes will be levied on imports ?

EASY
IMPORTANT
Test of General Awareness>Direct and Indirect Taxes>Direct Taxes> Q 7

_____ is a tax based on the market value of assets owned by a taxpayer.