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Consider the following taxes: I. Corporation tax II. Customs duty III. Wealth tax IV. Excise duty Which of these is/are indirect taxes?
Which one of the following is the correct statement? Service tax is a/an
The Minimum Alternative Tax (MAT) was introduced in the Budget of the Government of India for the year
The correct answer is option (b): recommendations for tax reforms. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2003, GS Paper 1, as Question 87. It falls under Indian Economy > Taxation.
This question is rated "easy". It tests basic recall and most well-prepared aspirants should answer it correctly.
UPSC has asked 19 questions from Taxation (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.