An advalorem duty is a tax on the basis of: [IAS 1988]

Related MCQs

• Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?
• Regional Rural Banks are designed to work in which of the following ideals? [IAS 1988]
• MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
• In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years? [IAS 2010]
• Which one of the following is the correct statements? Service tax is a/an [IAS 2006]
• Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct? [IAS 1999]
• A tax Which is paid by the person on whom the tax is incident is called a :
• Put the main sources of revenue of the Central Government in ascending order of importance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties
• A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]
• The South Asian Free Trade Agreement (SAFTA) was introduced with a view of levying how much customs duty for trading any product within the SAARC zone? [RBI Grade B Officer 2011]