WorksheetsQuiz on Taxation in India
Total questions: 5
Worksheet time: 3mins
Name
Class
Date
1.
What is the primary legislation governing income tax in India?
a)
Goods and Services Tax Act
b)
Customs Act, 1962
c)
Income Tax Act, 1961
d)
Wealth Tax Act, 1957
2.
Which article of the Indian Constitution states that no tax shall be levied or collected except by the authority of law?
a)
Article 21
b)
Article 246
c)
Article 265
d)
Article 14
3.
What type of tax is the Goods and Services Tax (GST) in India?
a)
Direct tax
b)
Indirect tax
c)
Property tax
d)
Wealth tax
4.
Which of the following taxes is levied by local authorities in India?
a)
Property tax
b)
Service tax
c)
Custom duty
d)
Income tax
5.
What is the main purpose of the General Anti-avoidance Rules (GAAR) introduced in India?
a)
To increase tax rates
b)
To promote foreign investment
c)
To curb tax evasion
d)
To simplify tax filing
100 %
