UPSC 2010 › Indian Economy › Taxation

2 questions · 2010 · answers as per the UPSC key

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UPSC 2010 · Q143 · Indian Economy › Taxation · Save

In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years ?

(a) Service tax
(b) Personal income tax
(c) Excise duty
(d) Corporation tax
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Answer: (c) Excise duty
UPSC 2010 · Q145 · Indian Economy › Taxation · Save

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 ?

(a) 1 only
(b) 2 only
(c) Both 1 and 2
(d) Neither 1 nor 2
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Answer: (a) 1 only