Tax Structure In India

12 Questions
  1. 1
    Consider the following statements :
    1. Statement I : In India, income from allied agricultural activities like poultry farming and wool rearing in rural areas is exempted from any tax.
    2. Statement II : In India, rural agricultural land is not considered a capital asset under the provisions of the Income-tax Act, 1961.
    Which one of the following is correct in respect of the above statements?
    UPSC CSE I - 2025
  2. 2
    Consider the following :
    1. Demographic performance
    2. Forest and ecology
    3. Governance reforms
    4. Stable government
    5. Tax and fiscal efforts
    For the horizontal tax devolution, the Fifteenth Finance Commission used how many of the above as criteria other than population area and income distance?
    UPSC CSE I - 2023
  3. 3
    With reference to India's decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the following statements is/are correct ?
    1. It is introduced as a part of the Income Tax Act.
    2. Non-resident entities that offer advertisement services in India can claim a tax credit in their home country under the "Double Taxation Avoidance Agreements".
    Select the correct answer using the code given below :
    UPSC CSE I - 2018
  4. 4
    Consider the following items :
    1. Cereal grains hulled
    2. Chicken eggs cooked
    3. Fish processed and canned
    4. Newspapers containing advertising material
    Which of the above items is/are exempted under GST (Goods and Services Tax) ?
    UPSC CSE I - 2018
  5. 5
    The term 'Base Erosion and Profit Shifting' is sometimes seen in the news in the context of
    UPSC CSE I - 2016
  6. 6
    The sales tax you pay while purchasing a toothpaste is a
    UPSC CSE I - 2014
  7. 7
    Under which of the following circumstances may 'capital gains' arise?
    1. When there is an increase in the sales of a product
    2. When there is a natural increase in the value of the property owned
    3. When you purchase a painting and there is a growth in its value due to increase in its popularity
    Select the correct answer using the codes given below:
    UPSC CSE I - 2012
  8. 8
    Which one of the following is not a feature of "Value Added Tax"?
    UPSC CSE I - 2011
  9. 9

    Consider the following statements: In India, taxes on transactions in Stock Exchanges and Futures Markets are:

    1. Levied by the Union
    2. Collected by the States

    Which of the statements given above is/are correct?

    UPSC CSE I - 2010
  10. 10

    Consider the following:

    1. Fringe Benefit Tax
    2. Interest Tax
    3. Securities Transaction Tax

    Which of the above is/are Direct Tax/Taxes?

    UPSC CSE I - 2009
  11. 11

    Which one of the following is the correct statement? Service tax is a/an:

    UPSC CSE I - 2006
  12. 12

    Consider the following taxes:

    1. Corporation Tax
    2. Customs Duty
    3. Wealth Tax
    4. Excise Duty

    Which of these is/are indirect taxes?

    UPSC CSE I - 2001