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UPSC 2009: Consider the following : 1. Fringe Benefit Tax 2. Interest Tax 3. Securities Transaction Tax Which of the above is/are Direct Tax/Taxes ?
(a)1 only
(b)1 and 3 only
(c)2 and 3 only
(d)1, 2 and 3
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Not attemptedCorrect Answer: (d) 1, 2 and 3
Fringe Benefit Tax (Finance Act 2005), Interest Tax (Interest-tax Act 1974) and Securities Transaction Tax (Finance Act 2004) are all levies administered by the Income-tax Department; the burden falls directly on the entity paying them, so they are classified as direct taxes. Therefore all three items are direct taxes. ([en.wikipedia.org](https://en.wikipedia.org/wiki/Fringe_benefits_tax_%28India%29?utm_source=openai))
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What is the correct answer to this UPSC 2009 Indian Economy question?▼
The correct answer is option (d): 1, 2 and 3. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
Which year was this Taxation question asked in UPSC Prelims?▼
This question was asked in UPSC CSE Prelims 2009, GS Paper 1, as Question 49. It falls under Indian Economy > Taxation.
What is the difficulty level of this UPSC question?▼
This question is rated "moderate". It requires sound conceptual understanding of the topic.
How many UPSC Prelims questions have been asked from Taxation?▼
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.