Section 64A of the Sale of Goods Act, 1930 (adjustment of contract price for tax changes after the…
Under s.64A(2)(b) the provision also covers "any tax on the sale or purchase of goods", besides the customs and excise duties in clause (a). Wealth tax, income tax and stamp…
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Section 64A of the Sale of Goods Act, 1930 (adjustment of contract price for tax changes after the contract) also applies to:
Answer and explanation
Correct answer B
Under s.64A(2)(b) the provision also covers "any tax on the sale or purchase of goods", besides the customs and excise duties in clause (a). Wealth tax, income tax and stamp duty on the agreement are not taxes on the sale or purchase of the goods.
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