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Consider the following statements and identify the right ones.
i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
ii. The constitution also provides for transferring certain tax revenues from union list to states.
The tax levied by the union government on income of individuals is known as
Consider the following statements and identify the right ones.
i. Wealth tax is collected from productive as well as unproductive assets
ii. Estate duty was a type of inheritance tax of large estates
Consider the following statements and identify the right ones.
i. The 14th finance commission is headed by C. Rangarajan
ii. The recommendations of the commission will come into effect from April, 1, 2015
The difference between revenue expenditure and revenue receipts is
The difference between revenue deficit and grants for creation of capital assets is called
The difference between total expenditure and total receipts is
The difference between total expenditure and total receipts except loans and other liabilities is called
The difference between fiscal deficit and interest payment during the year is called