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1. Reduction in a tax or debt.
Answer: Rebate
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QA->Reduction in a tax or debt.....
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MCQ->As we all know Govt. of Indiacollects tax revenue on variousactivities in the country. Whichof the following is a part of thetax revenue of the Govt. ? (i) Tax on Income(ii) Tax on Expenditure(iii) Tax on Property or CapitalAsset(iv) Tax on Goods and Services...
MCQ->Many a times we read in the financial newspapers about a term “Progressive Tax System”. Consider the following statements in this context: 1.%%Progressive tax is harsher on the poor sections of the society 2.%%In Progressive tax, average tax rate is less than the marginal tax rate Which among the above statements is / are correct?...
MCQ->Statement: Should all the indirect taxes in India be combined into a single tax on all commodities? Arguments: Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce. Yes. The manufacturers and traders will be benefited by this which in turn will boost tax collection. No. No other country has adopted such system. ...
MCQ->Find out which of the following are direct tax by using the codes given below. Income tax Sales tax Corporation tax Excise duty...
MCQ->Mr X invested a certain amount in Debt and Equity Funds in the ratio of 4 : 5. At the end of one year. he earned a total dividend of 3094 on his investment. After one year, he reinvested the amount including the dividend in the ratio of 6 : 7 in Debt and Equity Funds. If the amount reinvested in Equity Funds was Rs 94,500, what was the original amount invested in Equity Funds?...
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