LITERATURE QUESTIONS
TRANSCENDENTALISM LITERATURE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
True or False. Henry paid all of his taxes
|
|
False
|
|
|
True
|
|
|
Either A or B
|
|
|
None of the above
|
Explanation:
Detailed explanation-1: -Individuals who earn an income of above Rs. 2.5 lakh and are below the age of 60 years must pay income tax. Individuals who earn above Rs. 3 lakh and are above the age of 60 years must pay taxes.
Detailed explanation-2: -James Wilson, the first Finance Minister of the British Indian Government introduced the tax system in India. In 1860, income tax was introduced by James Wilson in India.
Detailed explanation-3: -The land revenue was fixed at one-sixth (shadabhaga) of the product and was collected by the revenue officer (Agronomoi). The toll tax was roughly around ten percent.
Detailed explanation-4: -Types of taxes include income, corporate, capital gains, property, inheritance, and sales.
There is 1 question to complete.