Section 64A of the Sale of Goods Act, 1930 (adjustment of contract price for tax changes after the…
Section 64A(2)(a) applies the provision to "any duty of customs or excise on goods", and clause (b) adds any tax on the sale or purchase of goods. Taxes on the seller's…
Choose your answer
Section 64A of the Sale of Goods Act, 1930 (adjustment of contract price for tax changes after the contract) applies to:
Answer and explanation
Correct answer B
Section 64A(2)(a) applies the provision to "any duty of customs or excise on goods", and clause (b) adds any tax on the sale or purchase of goods. Taxes on the seller's income, property or wealth are not taxes on the goods and fall outside it.
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