Indian Taxation System

Economics ⇒ Indian Economy

Indian Taxation System starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Indian Taxation System. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 11

Explain the concept of 'double taxation'.

Explain the concept of 'progressive tax'.

Explain the concept of 'tax elasticity'.

Explain the concept of 'taxable capacity'.

Explain the difference between direct and indirect taxes with examples.

Explain the term 'tax incidence'.

Explain the term 'tax neutrality'.

Is GST (Goods and Services Tax) a direct or indirect tax?

What is meant by the term 'tax base'?

What is the difference between tax evasion and tax avoidance?

What is the impact of indirect taxes on inflation?

What is the main difference between tax and fee?

What is the main objective of the Indian taxation system?

What is the main purpose of levying customs duty?

What is the role of the Central Board of Indirect Taxes and Customs (CBIC)?