Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states ? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement
by

1 Answer

Answer :

Taxes on Advertisement
by

Related questions

Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Description : Which of the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states? (1) Expenditure Tax and Gift Tax (2) Additional Duties of Excise in lieu of Sales Tax (3) Stamps and Registration (4) Taxes on Advertisement

Last Answer : (4) Taxes on Advertisement Explanation: Apart from taxes levied and collected by the States, the Constitution has provided for the revenues for certain taxes on the Union List to be allotted ... exchanges and future markets; and Taxes on sale and purchase of newspapers and advertisements therein.

The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Description : The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Last Answer : (3) State Excise Duty Explanation: An excise or excise tax (sometimes called an excise duty) is a type of tax charged on goods produced within the country (as opposed to customs ... paper, drugs and pharmaceuticals, alcoholic liquor, water filtration and purification devices, pan masala, etc.

The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Description : The duties levied on alcoholic liquors, narcotic drugs and opium come under— (1) Central Excise Duty (2) Land Revenue (3) State Excise Duty (4) General Sales Tax

Last Answer :  Central Excise Duty

Which of the following taxes is not collected by the Central Government? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Description : Which of the following taxes is not collected by the Central Government? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Last Answer : (3) Professional tax Explanation: A professional tax, also known as an occupation tax or a professional privilege lax, is a tax that a professional must pay to receive the right to practice a ... and a professional who has clients in more than one state may owe professional taxes in several states.

Which of the following taxes is not collected by the Central Government ? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Description : Which of the following taxes is not collected by the Central Government ? (1) Income tax (2) Customs duty (3) Professional tax (4) Excise duty

Last Answer : Professional tax 

Excise duties are levied by the Union but appropriated by the States, True or False?

Description : Excise duties are levied by the Union but appropriated by the States, True or False?

Last Answer : True

Which one of the following is NOT an example of indirect tax? (1) Sales tax (2) Excise duty (3) Customs duty (4) Expenditure tax

Description : Which one of the following is NOT an example of indirect tax? (1) Sales tax (2) Excise duty (3) Customs duty (4) Expenditure tax

Last Answer : (4) Expenditure tax Explanation: Expenditure tax is a taxation plan that replaces the income tax (a direct tax). Instead of applying a tax based on the income earned, tax is allocated based on the ... a consumption tax. The major benefit for this type of tax scheme is the removal of double taxation.

Which one of the following is NOT an example of indirect tax? (1) Sales tax (2) Excise duty (3) Customs duty (4) Expenditure tax

Description : Which one of the following is NOT an example of indirect tax? (1) Sales tax (2) Excise duty (3) Customs duty (4) Expenditure tax

Last Answer : Expenditure tax

Which one of the following taxes is collected and utilized by the State Governments? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Description : Which one of the following taxes is collected and utilized by the State Governments? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Last Answer : (3) Land revenue Explanation: The Constitution allocates the taxation of agricultural income to states. Lan revenue is a major source of revenue for states in India. For purpose of ... Commissioner, also known as Collector indicating his responsibility for the realization of all Government revenues.

Which one of the following taxes is collected and utilized by the State Governments ? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Description : Which one of the following taxes is collected and utilized by the State Governments ? (1) Personal income tax (2) Corporation tax (3) Land revenue (4) Custom duties

Last Answer : Land revenue 

The Finance Commission is mainly concerned with recommending to the President about – (1) distributing net proceeds of taxes between the Centre and the States (2) principles Governing the grantsin-aid to be given to States (3) both (1) and (2) (4) neither (1) and (2)

Description : The Finance Commission is mainly concerned with recommending to the President about – (1) distributing net proceeds of taxes between the Centre and the States (2) principles Governing the grantsin-aid to be given to States (3) both (1) and (2) (4) neither (1) and (2)

Last Answer : (3) both (1) and (2) Explanation: The Finance Commission is constituted to make recommendations to the President about the distribution of the net proceeds of taxes between the Union and States ... between the Union and the States. They also deal with devolution of non-plan revenue resources.

Tax on inheritance is called - (1) Excise duty (2) Estate duty (3) Gift tax (4) Sales tax

Description : Tax on inheritance is called - (1) Excise duty (2) Estate duty (3) Gift tax (4) Sales tax

Last Answer : (2) Estate duty Explanation: Estate duty is a tax on the total market value of a person's assets at the date of his or her death. The deceased person's assets, as a whole, are called an ... on assets that legal heirs inherit, while estate duty is applicable on the assets of those who are dead.

Tax on inheritance is called (1) Excise duty (2) Estate duty (3) Gift tax (4) Sales tax

Description : Tax on inheritance is called (1) Excise duty (2) Estate duty (3) Gift tax (4) Sales tax

Last Answer : Estate duty 

Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Description : Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Last Answer : The answer is 'Stamp Duties'

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Description : Which tax is levied by the Union and collected and appropriated by the States? -Do You Know?

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Description : Which tax is levied by the Union and collected and appropriated by the States? -General Knowledge

Last Answer : Constitution of India. Service tax levied by Union and collected and appropriated by the Union and the States. (1) Taxes on services shall be levied by the Government of India and such tax shall be ... and appropriated by the Government of India and the States in the manner provided in clause (2).

Which tax is levied by the Union and collected and appropriated by the States?

Description : Which tax is levied by the Union and collected and appropriated by the States?

Last Answer : Stamp Duties

1. By which method is the age of most ancient geological formations estimated? 2. Which tax is levied by the Union and collected and appropriated by the States? 3. Ban-Ki-Moon the Secretary general of UNO belongs to which country? 4. Which layer of the atmosphere provides ideal conditions for flying of jet aeroplanes? 5. In which state had Gautama Buddha had attained Mahaparinirvan?

Description : 1. By which method is the age of most ancient geological formations estimated? 2. Which tax is levied by the Union and collected and appropriated by the States? 3. Ban-Ki-Moon the Secretary general of ... of the World's Pressure Belts? 20. Who is considered to be the father of Ayurveda ?

Last Answer : Answer : 1. C4 method 2. Stamp Duties 3. South Korea 4. Stratosphere 5. Malia 6. Nitrates 7. Lord Ripon 8. Decrease 9. Water Vapour 10. Devabhuti 11. Kamla Kant 12. Tax on entertainment ... 14. Coniferous forest 15. Tamils 16. 73rd 17. Polyethylene 18. Swami Vivekananda 19. Monsoon 20. Charaka

Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Description : Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Last Answer : (2) production of goods Explanation: Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and ... "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty.

Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Description : Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods 

Last Answer : production of goods

Taxes levied by a nation on goods bought outside its borders and brought in, are called 1. import duties 2. export duties 3. export tariffs 4. quotas 5. import tariffs

Description : Taxes levied by a nation on goods bought outside its borders and brought in, are called 1. import duties 2. export duties 3. export tariffs 4. quotas 5. import tariffs

Last Answer : import tariffs

Taxes levied on imports into a country are called: A)tarrifs B)quotas C)duties D)barriers

Description : Taxes levied on imports into a country are called: A)tarrifs B)quotas C)duties D)barriers

Last Answer : A)tarrifs

The tax levied on gross sales revenue from business transactions is called - (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

Description : The tax levied on gross sales revenue from business transactions is called - (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

Last Answer : (1) Turnover Tax Explanation: A turnover tax is similar to a sales tax or a VAT, with the difference that it taxes intermediate and possibly capital goods. It is charged on gross ... turnover tax is levied on all intermediate transactions between businesses leading to and including the final sale.

The tax levied on gross sales revenue from business transactions is called (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax

Description : The tax levied on gross sales revenue from business transactions is called (1) Turnover Tax (2) Sales Tax (3) Capital Gains Tax (4) Corporation Tax 

Last Answer : Turnover Tax

Which one of the following is a direct tax? (1) Sales Tax (2) Excise Tax (3) Wealth Tax (4) Entertainment Tax

Description : Which one of the following is a direct tax? (1) Sales Tax (2) Excise Tax (3) Wealth Tax (4) Entertainment Tax

Last Answer : (3) Wealth Tax Explanation: Direct tax is a tax levied directly on the person or company that has to pay it. These taxes are paid directly to the tax authority.

Which of the following sets belongs to Central tax? (1) Excise duty, Sales tax and Custom duty (2) Excise duty, Custom duly and Income tax (3) Income tax, Custom duty and House, Lax (4) Custom duty, Entertainment tax and Income tax

Description : Which of the following sets belongs to Central tax? (1) Excise duty, Sales tax and Custom duty (2) Excise duty, Custom duly and Income tax (3) Income tax, Custom duty and House, Lax (4) Custom duty, Entertainment tax and Income tax

Last Answer : (2) Excise duty, Custom duly and Income tax Explanation: The Central Indian Government that is officially named as the "Union Government" is responsible for the imposition of both direct taxes as ... and Securities Transaction Tax. The indirect taxes are: Customs Duty; Excise Duty and Service Tax.

Which of the following sets belongs to Central tax ? (1) Excise duty, Sales tax and Custom duty (2) Excise duty, Custom duty and Income tax (3) Income tax, Custom duty and House tax (4) Custom duty, Entertainment tax and Income tax

Description : Which of the following sets belongs to Central tax ? (1) Excise duty, Sales tax and Custom duty (2) Excise duty, Custom duty and Income tax (3) Income tax, Custom duty and House tax (4) Custom duty, Entertainment tax and Income tax

Last Answer : Excise duty, Custom duty and Income tax 

Which one of the following is a direct tax ? (1) Sales Tax (2) Excise Tax (3) Wealth Tax (4) Entertainment Tax

Description : Which one of the following is a direct tax ? (1) Sales Tax (2) Excise Tax (3) Wealth Tax (4) Entertainment Tax

Last Answer : Wealth Tax

Mark the correct option a) The camp bag booked as parcel will be sent by surface route and will be charged with the postage payable on a parcel weighting 10 Kg plus registration fee and incidental charges . b) The camp bag booked as letter mail will not be charge with any additional postage other than Registration fee. c) The camp bag is due to be collected on any day including Sunday & Holiday. d) All of these

Description : Mark the correct option a) The camp bag booked as parcel will be sent by surface route and will be charged with the postage payable on a parcel weighting 10 Kg plus registration fee and incidental charges ... camp bag is due to be collected on any day including Sunday & Holiday. d) All of these

Last Answer : b) The camp bag booked as letter mail will not be charge with any additional postage other than Registration fee

The sale proceeds of Government Bonds come under the budget head of - (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Description : The sale proceeds of Government Bonds come under the budget head of - (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Last Answer : (4) Capital Receipts Explanation: Capital receipts are the funds received into the businesses that are not part of the operating activities of the establishment. Capital receipts primarily include external ... furniture, investment (long term) etc., which shall not be occurring all the time.

The sale proceeds of Government Bonds come under the budget head of (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Description : The sale proceeds of Government Bonds come under the budget head of (1) Revenue Receipts (2) Current Expenditure (3) Capital Outlay (4) Capital Receipts

Last Answer : Capital Receipts

Among the tax revenues of the Union Government, the most important source is – (1) Income Tax (2) Customs Duty (3) Corporation Tax (4) Union Excise Duties

Description : Among the tax revenues of the Union Government, the most important source is – (1) Income Tax (2) Customs Duty (3) Corporation Tax (4) Union Excise Duties

Last Answer : (4) Union Excise Duties Explanation: Central excise revenue is the biggest single source of revenue for the Government of India. The Union Government tries to achieve different socio-economic objectives by ... adopted by entry 84 of List I of the seventh Schedule of the Constitution of India.

Taxes on professions can be levied by : (1) State government only (2) both by state and union government (3) by panchayats only (4) Union government only

Description : Taxes on professions can be levied by : (1) State government only (2) both by state and union government (3) by panchayats only (4) Union government only

Last Answer : (1) State government only Explanation: In India, the professional tax is imposed at the state level. However, not all the states impose this tax. Business owners, working individuals, ... comes under the purview of this tax. Professional tax is levied by particular Municipal Corporations.

Taxes on professions can be levied by : (1) State government only (2) both by state and union government (3) by panchayats only (4) Union government only

Description : Taxes on professions can be levied by : (1) State government only (2) both by state and union government (3) by panchayats only (4) Union government only

Last Answer : State government only

What types of taxes are levied under Income Tax Ordinance , 1984 ?

Last Answer : : Under the Income Tax Ordinance 1974, two types of taxes are levied: 1) Personal Income Tax 2) Corporate Income Tax

A demand curve will not shift: (1) When only income changes (2) When only prices of substitute products change (3) When there is a change in advertisement expenditure (4) When only price of the commodity changes

Description : A demand curve will not shift: (1) When only income changes (2) When only prices of substitute products change (3) When there is a change in advertisement expenditure (4) When only price of the commodity changes

Last Answer : (4) When only price of the commodity changes Explanation: In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that ... only when there is a change in other determinants of demand, other than price of the commodity.

A demand curve will not shift: (1) When only income changes (2) When only prices of substitute products change (3) When there is a change in advertisement expenditure (4) When only price of the commodity changes

Description : A demand curve will not shift: (1) When only income changes (2) When only prices of substitute products change (3) When there is a change in advertisement expenditure (4) When only price of the commodity changes

Last Answer : When only price of the commodity changes

Expenditure on advertisement and public relations by an enterprise is a part of its (1) consumption of fixed capital (2) final consumption expenditure (3) intermediate consumption (4) fixed capital

Description : Expenditure on advertisement and public relations by an enterprise is a part of its (1) consumption of fixed capital (2) final consumption expenditure (3) intermediate consumption (4) fixed capital

Last Answer :  intermediate consumption

Value of out put and value added can be distinguished if we know: (1) the value of intermediate consumption (2) the value of net indirect taxes (3) the value of the sales (4) the value of consumption of fixed capital

Description : Value of out put and value added can be distinguished if we know: (1) the value of intermediate consumption (2) the value of net indirect taxes (3) the value of the sales (4) the value of consumption of fixed capital

Last Answer : (1) the value of intermediate consumption Explanation: Intermediate consumption is an accounting flow which consists of the total monetary value of goods and services consumed or used up as inputs in ... how it is exactly defined and estimated will importantly affect the size of the GDP estimate.

Value of out put and value added can be distinguished if we know: (1) the value of intermediate consumption (2) the value of net indirect taxes (3) the value of the sales (4) the value of consumption of fixed capital

Description : Value of out put and value added can be distinguished if we know: (1) the value of intermediate consumption (2) the value of net indirect taxes (3) the value of the sales (4) the value of consumption of fixed capital

Last Answer : the value of intermediate consumption 

An article is not eligible for concessional rates of Postal tariff under printed books if it contain a) Any book packet containing printed books without advertisement b) Any printed publication published at regular interval c) Books bearing character & inscription reproduced by mean of printing d) Books containing wholly or substantially reading matter.

Description : An article is not eligible for concessional rates of Postal tariff under printed books if it contain a) Any book packet containing printed books without advertisement b) Any printed ... & inscription reproduced by mean of printing. d) Books containing wholly or substantially reading matter

Last Answer : b) Any printed publication published at regular interval

Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Description : Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Description : 4. Which of the following taxes is regressive? a. the federal income tax b. the state income tax c. the sales tax d. the Medicare tax

Last Answer : c. the sales tax

Which of the following taxes is such which does not cause rise in price ? (1) Import duty (2) Income tax (3) Octoroi (4) Sales tax

Description : Which of the following taxes is such which does not cause rise in price ? (1) Import duty (2) Income tax (3) Octoroi (4) Sales tax 

Last Answer :  Income tax

Banking services provided to Special Economic Zones(SEZ) units have been exempted from _________ A. Sales Tax B. Securities Transaction Tax – STT. C. Central Excise Duty D. Service Tax E. None of the Above

Description : Banking services provided to Special Economic Zones(SEZ) units have been exempted from _________ A. Sales Tax B. Securities Transaction Tax – STT. C. Central Excise Duty D. Service Tax E. None of the Above

Last Answer : D. Service Tax Explanation: Banking services offered to units set up in special economic zones have been exempted from paying service tax.