Match the following: List-IList-II (a) Ad Valorem Tax (i) Tax paid by the person on whom the tax is…
An ad valorem tax is levied on a commodity’s value, a surcharge raises additional revenue, and a cess is collected for a particular purpose. A direct tax is borne by the…
Choose your answer
Match the following:
| List-I | List-II |
|---|---|
| (a) Ad Valorem Tax | (i) Tax paid by the person on whom the tax is incident. |
| (b) Surcharge | (ii) A compulsory levy collected for a particular purpose. |
| (c) Cess | (iii) Temporary tax levied to get additional revenue. |
| (d) Direct Tax | (iv) Tax levied on the value of a commodity. |
Answer and explanation
Correct answer B
An ad valorem tax is levied on a commodity’s value, a surcharge raises additional revenue, and a cess is collected for a particular purpose. A direct tax is borne by the person on whom it is imposed. The matching is therefore a-iv, b-iii, c-ii and d-i.
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West Bengal SET (WB SET)