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With reference to India's decision to levy an equalization tax of 6% on online advertisement services offered by non-resident entities, which of the f
What is/are the most likely advantages of implementing 'Goods and Services Tax (GST)'? 1. It will replace multiple taxes collected by multiple author
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 natu
With reference to the Indian economy, consider the following statements: 1. An increase in Nominal Effective Exchange Rate (NEER) indicates the appre
With reference to the Indian economy, consider the following statements: 1. If the inflation is too high, Reserve Bank of India (RBI) is likely to bu
The correct answer is option (d): A foreign company transfers shares and such shares derive their substantial value from assets located in India. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2022, GS Paper 1, as Question 8. It falls under Indian Economy > Taxation.
This question is rated "moderate". It requires sound conceptual understanding of the topic.
UPSC has asked 18 questions from Taxation (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.