Consider the following: (i) Fringe Benefits Tax; (ii) Capital Gains Tax; (iii) Securities Transaction…
In the conventional Indian administrative classification, fringe benefits tax, capital gains tax and securities transaction tax are all direct taxes. The pairs omit fringe…
Choose your answer
Consider the following:
(i) Fringe Benefits Tax;
(ii) Capital Gains Tax;
(iii) Securities Transaction Tax.
Which of the above is/are Direct Tax/Taxes?
Answer and explanation
Correct answer B
In the conventional Indian administrative classification, fringe benefits tax, capital gains tax and securities transaction tax are all direct taxes. The pairs omit fringe benefits or capital gains; Only fringe benefits omits both other direct taxes. Fringe benefits tax had been abolished by the exam date, but the question asks classification, not current operation.
Practice for these exams
-
UGC NET Economics