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11 _____ is a tax that is shifted from one taxpayer to another. Direct Tax Indirect Tax Entry Tax GST Indirect Tax I 12 Indirect Tax is a _____. Regressive tax Progressive tax Tax on tax Value added tax. Regressive tax I 13 Central & excise duty shall be levied in addition to GST on _____. Petroleum Products Alcohol products


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Direct Tax MCQ Questions and Answers Part - 2. Direct Tax MCQ Questions and Answers Part - 3. 101. Integration of agricultural income with non agricultural income is not done for A. Individuals B. HUF C. AOP D. firm ANSWER: D 102. Exempted incomes are defined under section A. 15 of income tax Act. B. 18 of income tax Act C. 10 of income tax.


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3. Amongst the following _____ is empowered to levy tax on agricultural income. A. Central Government B. State Government C. Commissioner D. President 4. Circulars and Notifications are binding on the A. Central Board of Direct Taxes (CBDT) B. Assessee C. Income Tax Appellate Tribunal (ITAT) D. Income Tax Authorities 5.


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Direct Tax MCQ Questions and Answers Part - 1 Direct Tax MCQ Questions and Answers Part - 2 Direct Tax MCQ Questions and Answers Part - 3 51. Embezzlement of cash by a cashier is. A. a revenue loss. B. a capital loss. C. a casual loss. D. None of these. ANSWER: A 52. Remuneration […]


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