FUNDAMENTALS OF COMMERCE UNIT-4

Contents

#1. A person with the age of................. or more is considered as a super senior citizen as per Income tax Act.

#2. Parliament has the power to levy tax on incomes other than.

#3. Notifications issued by CBDT are binding on.

#4. Under which type of tax is the taxation amount collected shared between the centre and the states?

#5. Which of the following is a form of Indirect tax?

#6. Among the following _________________ is empowered to levy tax on agricultural income.

#7. The functions of the Goods and Services Network (GSTN) include....

#8. Property tax is levied on ---

#9. Capital Gain Tax is an example of ---

#10. Corporate tax is levied on ---

#11. Property tax is levied on ---

#12. Every assessee is a person, & every person is.

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

#14. The Central Board of Indirect Taxes and Customs (CBIC) is formerly known as -

#15. Property Tax is an example of ---

#16. Aggregate turnover does not include-

#17. Income Tax Act contains sections

#18. Who is the assessee in the case of an HUF?

#19. The Central Board of Direct Taxes is a statutory authority functioning under -

#20. Assessment year is the period of 12 months commencing from....................... Every year.

#21. There are .....................heads of income

#22. Who will notify the rate of tax to be levied under the CGST Act?

#23. Which of the following is not central government revenue?

#24. In India income tax is ----

#25. Sales tax is levied on ---

#26. Inflation of a country is controlled through ---

#27. A municipal corporation legally entitled to manage & control a municipal fund is taxable in the status of:

#28. Which of the following taxes have been subsumed in GST?

#29. What of the following taxes is applicable in the case of the supply of goods from Gujarat to Assam?

#30. Income Tax is imposed by.

#31. Which of the following is the major source of government earning from tax?

#32. Inflation of a country is controlled through ---

#33. GST is levied on the supply of all goods and services except.....

#34. What is TDS -?

#35. GST is a comprehensive tax regime covering _________

#36. Goods and Service Tax (GST) is levied on ---

#37. As per Income tax act gift received during the financial year exempted from tax up to ---.

#38. Income-tax Act, 1961 applies to.

#39. Income Tax is levied on the ___________ of a person.

#40. Reserve Bank of India was established in which year?

#41. What is the time of supply of goods, in the case of forward charge?

#42. What are the taxes levied on an intra-State supply?

#43. Amendments by the finance act are made applicable from

#44. Highest Administrative Authority for Income Tax in India is.

#45. Which of the following are benefits of GST?

#46. Finance Bill becomes the Finance Act when it is passed by.

#47. Body of Individuals consists of.

#48. Which of the following is a direct tax?

#49. Excise duty is an example of ---

#50. As per Section 2(31), the following is not included in the definition of a person

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