Taxation — UPSC Prelims Previous Year Questions

Q: Consider the following statements: Statement I: In India, income from allied agricultural activities like poultry farming and wool rearing in rural areas is exempted from any tax. Statement II: In India, rural agricultural land is not considered a capital asset under the provisions of the Income-tax Act, 1961. Which one of the following is correct in respect of the above statements?

Q: भारत के संदर्भ में, हाल ही में जनसंचार-माध्यमों में अक्सर चर्चित “अप्रत्याश कर अंतरित” (text garbled in OCR) निम्नलिखित में से किस स्थिति को सर्वाधिक रूप से प्रतिबिंबित करता है? (a precise official term is unreadable in the source image; text retained as provided)

Q: अवासी इकाइयों द्वारा दी जा रही ऑनलाइन विज्ञापन सेवाओं पर भारत द्वारा 6% ‘समतुल्य कर’ (Equalisation Levy) लगाए जाने के निर्णय के सन्दर्भ में निम्नलिखित कथनों पर विचार कीजिए: 1. यह आयकर अधिनियम के भाग के रूप में लागू किया गया है। 2. भारत में विज्ञापन सेवाएँ देने वाली अवासी इकाइयाँ अपने गृह देश में “दोहरे कराधान से बचाव समझौतों” के अन्तर्गत टैक्स क्रेडिट का दावा कर सकती हैं। नीचे दिए गए कूट का प्रयोग कर सही उत्तर चुनिए:

Q: Consider the following items: 1. Cereal grains hulled 2. Chicken eggs cooked 3. Fish processed and canned 4. Newspapers containing advertising material Which of the above items is/are exempted under GST (Goods and Services Tax)?

Q: वस्तु एवं सेवा कर (Goods and Services Tax/GST) के क्रियान्वयन हेतु निम्नलिखित संभावित लाभ क्या है/हैं ? 1. यह भारत में बहु-प्राधिकरणी कर व्यवस्था के बहुत वर्षों का स्थान लेगा और इस प्रकार एकल बाजार स्थापित करेगा। 2. यह भारत के ‘राजकोषीय घाटे’ को समाप्त करेगा और उसके विदेशी मुद्रा भंडार को बढ़ाने हेतु उसे सक्षम बनाएगा। 3. यह भारत की अर्थव्यवस्था की दक्षता और आकांक्षा को बहुत बड़े रूप से बढ़ाएगा और उसे निकट भविष्य में चीन से आगे निकल जाने योग्य बनाएगा। नीचे दिए गए कूट का प्रयोग कर सही उत्तर चुनिए :

Q: The term 'Base Erosion and Profit Shifting' is sometimes seen in the news in the context of

Q: The sales tax you pay while purchasing a toothpaste is a

Q: Under which of the following circumstances may ‘capital gains’ arise? 1. When there is an increase in the sales of a product 2. When there is a natural increase in the value of the property owned 3. When you purchase a painting and there is a growth in its value due to increase in its popularity Select the correct answer using the codes given below:

Q: Which one of the following is not a feature of “Value Added Tax”?

Q: In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years ?

Q: Consider the following statements : In India, taxes on transactions in Stock Exchanges and Futures Markets are 1. levied by the Union 2. collected by the States Which of the statements given above is/are correct ?

Q: Consider the following : 1. Fringe Benefit Tax 2. Interest Tax 3. Securities Transaction Tax Which of the above is/are Direct Tax/Taxes ?

Q: Which one of the following is the correct statement? Service tax is a/an

Q: Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay L. Kelkar in the year 2002?

Q: The Kelkar proposals which were in the news recently were the

Q: Consider the following taxes: I. Corporation tax II. Customs duty III. Wealth tax IV. Excise duty Which of these is/are indirect taxes?

Q: The Standing Committee of State Finance Ministers recommended in January 2000 uniform rates across the States in respect of

Q: The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year

Q: Corporation tax