File Details:

Questions:

1. In India, income tax was introduced for the first time in 1860.
2. Who introduced income tax for the first time in India?
3. Which ancient books discuss taxation?
4. What is Kautilya's concept of taxation based on?
5. When was income tax law not amended?
6. When did the Income Tax Act 1961 come into force?
7. Which part of the Indian constitution contains provisions relating to finance?
8. Which article of the constitution states that no tax shall be levied or collected except by the authority of law?
9. Which article of the Indian constitution deals with the consolidated fund?
10. Which article discusses the contingency fund?
11. Which article outlines duties levied by the Union but collected by states?
12. Which article in the constitution is associated with surcharge?
13. Surcharge shall form part of which fund?
14. Which article deals with grants in lieu of export duty?
15. What kind of justice is not contained in the preamble of the Indian constitution?
16. Which article relates to grants from the Union to certain states?
17. Which article mentions tax on professions?
18. Which article discusses net proceeds?
19. Whose certificate is final regarding net proceeds?
20. What is not included in net proceeds?
21. Which article deals with certification by the Comptroller and Auditor General of India?
22. Which article deals with the finance commission?
23. Which article discusses exemption of Union property from state taxation?
24. What does not have exemption from tax?
25. Which is not a direct tax?
26. What should be done with illegally levied tax?
27. What case is related to illegally levied tax?
28. Which article was omitted by the Constitution (One Hundred and First Amendment) Act, 2016?
29. Which article was amended in 1956, 1982, and 2000?
30. Which article was instituted in 2016?
31. When did the Constitution (One Hundred and First Amendment) Act, 2016, come into force?
32. Who is the final authority for borrowing?
33. Which article deals with borrowing?
34. What is the nature of the right to property?
35. Which part of the constitution contains the right to property?
36. Which constitutional amendment regulates the right to property?
37. The case K.T. Plantation Pvt. Ltd. vs State of Kerala is related to what?
38. The case Tukaram Kanna Joshi vs M.I.D.C. is associated with which article?
39. Bishamber vs State of U.P. is connected with which constitutional provision?
40. Which taxes are no longer applicable?
41. Which article has been repealed?
42. Define tax.
43. Most countries impose taxes on what?
44. What is the basis of income tax?
45. What is negative income tax?
46. What is capital gain?
47. What does corporate tax refer to?
48. On what is wealth tax levied?
49. What constitutes personal assets?
50. What tax arises upon the death of an individual?
51. Value-added tax is equivalent to what?
52. What is the nature of tax systems?
53. What constitutes indirect tax?
54. What is excise duty?
55. At what stage is excise duty imposed?
56. When was excise duty first introduced?
57. Who devised the excise duty?
58. When was excise duty first imposed?
59. On what is custom duty levied?
60. What has a negative effect on economic growth?
61. What is sin tax?
62. What is not the subject matter of sin tax?
63. On what may carbon tax be imposed?
64. What do tariffs discourage?
65. What does black money mean?
66. How is black money accumulated?
67. What is the estimated black money in foreign banks according to a writ petition?
68. Who filed a writ petition to help bring back black money?
69. Who headed the SIT for black money in 2011?
70. Who heard the case related to black money?
71. Who was arrested for black money?
72. Which courts have jurisdiction to hear tax disputes?
73. What is the primary objective of tax planning?
74. What are deductions under the Income Tax Act?
75. What penalties exist for income tax defaults?
76. What conditions are applied to the demand notice asking for tax payment?
77. What is the penalty for tax evasion?
78. What does tax planning aim to reduce?
79. What does the Income Tax Act contain?
80. What is defined as the assessment year?
81. What does 'capital asset' mean?
82. What does income include?
83. What entities are included in the definition of 'person'?