INCOME TAX-5


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According to ____________________________, no tax can be imposed except with the authority of the law.

____________________ has divided all the law making powers in three different lists

By making proper laws, Central Government can impose taxes on the matters specified in

Under which entry of List I of schedule 7 to Constitution of India, Central Government can create laws for imposing Income Tax

Under which entry of List I of schedule 7 to Constitution of India, Central Government can create laws for imposing Excise Duty

Under which entry of List I of schedule 7 to Constitution of India, Central Government can create laws for imposing Custom Duty

______________________is known as Residual entry.

______________________List is known as Concurrent List.

Who can create laws on the matters specified in Concurrent List?

Who can impose Excise Duty on alcohol for direct human consumption?

__________ can be utilised by government as tool to reduce inequality.

Cannons of taxation as propounded by Adam Smith despite the modern development of economic sciences still apply and hold good. These cannons of taxation refer to administrative aspect of a tax. Find out from the following, which have been considered too under the Income Tax Act as being the fundamental cannons of taxation : (i) Cannon of Equity; (ii) Cannon of Economy (iii) Cannon of Uncertainty; (iv) Cannon of Non-convenience; (v) Cannon of Certainty

The Central Board of Direct Taxes (CBDT) is a statutory authority for providing essential inputs for policy and planning of direct taxes in India and is also responsible for administration of direct tax laws through Income Tax Department and is functioning under the :

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