Correct option is D
The statement about proportional taxes helping to reduce the autonomous expenditure multiplier is correct because: taxes reduce the MPC (marginal propensity to consume)
The statement about proportional taxes helping to reduce the autonomous expenditure multiplier is correct because: taxes reduce the MPC (marginal propensity to consume)
Which campaign was started immediately after demonetization to investigate tax evaders of undeclared income under the tax system?
To qualify as a highly senior citizen under the Income Tax Act, a person's age must be above .......... years.
Which of the following taxes does the Center levy, collect, and retain?
The Gross Value Added is estimate d from GDP by adding subsidies on production and subtracting ____.
Direct Tax reforms have been part of India’s fiscal consolidation strategy. Which committee recommended the simplification of direct taxes in post-liberalisation India?
Consider the following statements regarding the Minimum Alternate Tax (MAT) in Indian tax regime.
1. MAT is calculated at 15% on the book profit or at the usual corporate rates, and whichever is lower is payable as tax.
2. Only domestic companies in India fall under this provision.
3. MAT is an important tool with which tax avoidance can be prevented.
Which of the statements given above is/are correct?
According to the Ministry of Finance, States’ SGST revenue, including compensation released to States, in the post-GST period of 2017-18 to 2022-23 has achieved a tax buoyancy of _______.
Which of the following taxes has been replaced by Goods and Services Tax (GST)?
1. Additional Duty of Customs
2. State VAT
3. Central Excise Duty
In which year did the Government of India introduce Securities Transaction Tax (STT) to reduce the complexities involved in the taxation of securities transactions, promote fair trading, and prevent market manipulation?
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