FUNDAMENTALS OF COMMERCE UNIT-4

Contents

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

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

#3. Income Tax Act contains schedules.

#4. Body of Individuals consists of.

#5. Sales tax is levied on ---

#6. Income tax is levied on ---

#7. Property tax is levied on ---

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

#9. Notifications issued by CBDT are binding on.

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

#11. Aggregate turnover does not include-

#12. Income-tax in India is charged at the rates prescribed by -

#13. Association of persons consists of.

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

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

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

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

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

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

#20. Capital gain tax is levied on ---

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

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

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

#24. GST is an example of ---

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

#26. Which of the following is the largest single source of government earning from tax revenue?

#27. Which of the following is the minimum source of government earning from tax revenue?

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

#29. There are .....................heads of income

#30. Property tax is levied on ---

#31. What is the full form of UTGST?

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

#33. Wealth Tax is an example of ---

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

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

#36. The Finance commission is appointed at the expiry of ---- years.

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

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

#39. A & B are legal heirs of C. After the death of C, A & B carry on his business without entering into a partnership. What is their Status?

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

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

#42. GST is a comprehensive tax regime covering _________

#43. The IGST Act, 2017 extends to the

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

#45. A person includes.

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

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

#48. The basic source of income-tax law is.

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

#50. Corporate tax is levied on ---

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