THE ROAD TO REVOLUTION 1700 1774
SONS OF LIBERTY RESISTANCE TO THE STAMP ACT AND BRITISH RULE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What is a tax?
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Money that the government gives to people.
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Money that people give for government services
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Money that people earn from working
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None of the above
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Explanation:
Detailed explanation-1: -The money paid by the citizens to the government without any expectation in return is called tax.
Detailed explanation-2: -Types of taxes include income, corporate, capital gains, property, inheritance, and sales.
Detailed explanation-3: -The correct answer is Corporate Tax. Corporate tax is the single largest source of income to the government of India.
Detailed explanation-4: -Income-tax Act offers five different types of tax benefit to the individuals. Some of these include allowances, tax exemptions, rebate tec. Getty Images Common allowances include DA, house rent, LTA, education, medical, transport etc.
There is 1 question to complete.