Quiz on Taxation in India

What is the primary legislation governing income tax in India?

• Goods and Services Tax Act

• Customs Act, 1962

• Income Tax Act, 1961

• Wealth Tax Act, 1957

Which article of the Indian Constitution states that no tax shall be levied or collected except by the authority of law?

• Article 21

• Article 246

• Article 265

• Article 14

What type of tax is the Goods and Services Tax (GST) in India?

• Direct tax

• Indirect tax

• Property tax

• Wealth tax

Which of the following taxes is levied by local authorities in India?

• Property tax

• Service tax

• Custom duty

• Income tax

What is the main purpose of the General Anti-avoidance Rules (GAAR) introduced in India?

• To increase tax rates

• To promote foreign investment

• To curb tax evasion

• To simplify tax filing