demo quiz

Income tax act was enacted in the year

• 1952

• 1951

• 1956

• 1961

GAV Stands for

What does the acronym VED stand for in VED Analysis?

• Value Effective Desirable

• Value Essential Desirable

• Vital Effective Desirable

• Vital Essential Desirable

Which year was the Goods and Services Tax (GST) implemented in India?

• 2018

• 2017

• 2015

• 2016

What is the primary purpose of the Income Tax Act?

• To regulate corporate taxes

• To impose taxes on individual income

• To manage sales tax

• To oversee property taxes