General Knowledge - Indian Economy - Discussion

Discussion Forum : Indian Economy - Indian Economy (Q.No. 54)
54.

The annual yield from which of the following Union Government taxes is the highest?

Custom duties
Corporation tax and income tax
Inheritance tax, wealth tax, interest tax and gift tax
Excise duties
Answer: Option
Explanation:
No answer description is available. Let's discuss.
Discussion:
11 comments Page 2 of 2.

Ashish prajapati said:   9 years ago
Excise duty is a duty levied on goods manufactured or produced in India which is mentioned in central excise tariff act 1985. Excise act is governed by central excise act 1944.

Duty is generally levied on movable and marketable goods manufactured in India.


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