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Test: Tax System - CA Foundation MCQ


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30 Questions MCQ Test - Test: Tax System

Test: Tax System for CA Foundation 2024 is part of CA Foundation preparation. The Test: Tax System questions and answers have been prepared according to the CA Foundation exam syllabus.The Test: Tax System MCQs are made for CA Foundation 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Tax System below.
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Test: Tax System - Question 1

Fringe Benefit Tax came in ________.

Test: Tax System - Question 2

As MODVAT had defects so it was ________.

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Test: Tax System - Question 3

 Which of the following is an Indirect tax:

Test: Tax System - Question 4

Direct taxes are_________in nature

Test: Tax System - Question 5

VAT was introduced in 1999 and was implemented in ______ some states:

Test: Tax System - Question 6

Service Tax was introduced in: 

Test: Tax System - Question 7

 Income tax in India is ________ in nature: 

Test: Tax System - Question 8

Corporate tax is levied on the incomes of ________.

Test: Tax System - Question 9

Highest Tax revenue is earned by:

Test: Tax System - Question 10

Cenvat is related to: 

Test: Tax System - Question 11

Which proves to be a heavy tax on lower section of people?

Test: Tax System - Question 12

 VAT is levied by __________.

Test: Tax System - Question 13

Wealth tax on annual basis was introduced in: 

Test: Tax System - Question 14

 What is the nature of Income tax?

Test: Tax System - Question 15

MODVAT was introduced in India in union budget of: 

Test: Tax System - Question 16

 CENVAT was introduced in: 

Test: Tax System - Question 17

Which proves to be a heavy tax on lower section of people?

Test: Tax System - Question 18

Excise duty is levied on _______.

Test: Tax System - Question 19

State which of the following income is wholly exempt from the income tax?

Test: Tax System - Question 20

 Highest Tax revenue is earned by:

Test: Tax System - Question 21

VAT was introduced in 1999 and was implemented in ______ some states:

Test: Tax System - Question 22

Direct taxes being progressive in nature, helps to______.

Test: Tax System - Question 23

Weakness of tax system in India:

Test: Tax System - Question 24

When was Patent Infringement Act passed?

Test: Tax System - Question 25

MODVAT was introduced in India in union budget of: 

Test: Tax System - Question 26

 The proceeds of personal income tax are shared between the centre and state on the recommendation of:

Test: Tax System - Question 27

Custom duties are levied ______.

Test: Tax System - Question 28

Which one is the merit of VAT?

Test: Tax System - Question 29

Income tax in India is ________ in nature: 

Test: Tax System - Question 30

Which of the following is an Indirect tax:

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