CS Executive Direct Taxes — At a Glance — practice questions
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Practice CS Executive Direct Taxes — At a Glance in the app →Income tax was introduced in India for the first time by the British in a specific year, prompted by financialThe current law of income tax in India is contained in a specific principal statute, supported by rules of theIn addition to the principal income tax statute, a set of rules has been framed for implementing its various pA constitutional limit underpins the entire Indian tax system. The lesson cites the relevant Article that mandThe Central Board of Direct Taxes is the apex body for direct tax administration. The lesson identifies the paThe CBDT is headed by a Chairman who also has a defined set of members under him. How many members sit on the Originally the Central Board of Revenue was responsible for both direct and indirect taxes, but it was split iA specific Act among the historic Indian income tax statutes introduced the concept of treating a Hindu UndiviAmong the historic Indian income tax statutes, one Act inserted, for the first time, specific provisions relatA specific historic Income Tax Act is described in the lesson as the one which, for the first time, gave a speSchedule VII to the Constitution of India enumerates legislative powers under three Lists. Which list combinatAmong the taxing powers distributed by the Constitution, the lesson assigns certain taxes specifically to the The lesson round-up traces the etymology of the word "tax" to a Latin root carrying a specific meaning. To whaThe lesson round-up names four classical canons of taxation. Which list correctly states all four canons?The lesson notes that a GST Council has been formulated under the GST law of indirect taxes to advise on ratesThe CBDT Chairman has a specifically defined rank in the Government of India hierarchy. Which rank does the leSchedule VII to the Constitution distinguishes between the Union, State and Concurrent Lists. The lesson highlThe Income Tax Act, 1961 replaced an earlier statute that had been in force for a long stretch. From what dateThe lesson states that the CBDT is also India's official designated unit for a specific international body deaThe lesson outlines a broad mandate for the Income Tax Department covering domestic and international tax. WhiThe lesson provides a vital-statistics table showing the share of direct taxes as a percentage of total taxes.The Direct-Tax GDP Ratio table in the lesson reports a "Buoyancy Factor" for each financial year. What does a Article 246 of the Constitution serves a specific structural role in the Indian tax framework. Which statementThe Central Board of Indirect Taxes and Customs sits alongside the CBDT under the Department of Revenue. WhichThe Income Tax Department is described as functioning within a specific arm of the Government of India. Under