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The lesson provides a vital-statistics table showing the share of direct taxes as a percentage of total taxes. According to the table, in financial year 2018-19 (provisional), what was the share of direct taxes in total tax revenue?
Answer & Solution
Correct answer: A.
1. The lesson tabulates direct vs indirect tax shares for several financial years.
2. For 2018-19, direct taxes were Rs. 11,37,685 crore and total taxes Rs. 20,76,703 crore.
3. The share works out to 54.78 percent for that year.
4. 60.78 percent was the 2009-10 share; 49.66 percent the 2016-17 share; 30.31 percent is not in the table.
_Source: ICSI CS Executive Paper 4 (Tax Laws) — Lesson 1: Direct Taxes — At a Glance, pp. 10-22._
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