Tax Questions with solutions MCQs

1. Which of the following is a form of indirect tax?

A

Income Tax

B

Wealth Tax

C

Corporation Tax

D

Sales Tax

Tax Stock Assistant 2024
Correct Answer : D
Explanation :

Among the options given, Sales Tax is a form of indirect tax.

Correct Answered :

Wrong Answered :

2. Which of the following taxes are abolished by the Goods and Services Tax?

A

Property Tax

B

Corporation Tax

C

VAT

D

All of the above

Tax Stock Assistant 2024
Correct Answer : C
Explanation :

The Goods and Services Tax (GST) has replaced several indirect taxes in India. Among the options listed, VAT (Value Added Tax) is one of the taxes that has been abolished by GST. Therefore, the correct answer is VAT.

Correct Answered :

Wrong Answered :

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