GK
TAXES IN INDIA
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Taxes in India are including -
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Direct taxes
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Indirect taxes
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Both (a) and (b)
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None of these
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Explanation:
Detailed explanation-1: -Types of taxes include income, corporate, capital gains, property, inheritance, and sales.
Detailed explanation-2: -Statement: Should all the indirect taxes in India be combined into a single tax on all commodities? Arguments: Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce.
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