A) direct tax
B) indirect tax
C) value added tax
D) None of these
Correct Answer: A
Solution :
The Central Government has been empowered by Entry 82 of the Union List of Schedule VII of the Constitution of India to levy tax on all income other than agricultural income (subject to Section 10 (1). The Government of India imposes an income tax on taxable income of all persons including individuals, Hindu Undivided Families (HUFs), companies, firms, association of persons, body of individuals, local authority and any other artificial judicial person.
You need to login to perform this action.
You will be redirected in
3 sec
