Taxes

__________ an amount of money that you have to pay to the government so that it can pay for public services such as roads and schools

• Donation

• Tax

• Fees

Who is founder of tax?

• James Wilson

• Charels Babage

_____ Levied direly on Income or Profits of the company?

• Direct Tax

• Indirect Tax

• GST

• Custom Duty

______ Tax Directly not Levied to individuals income or profits

• Goods and Sevice Tax

• Income Tax

• Corporate Tax

In India we have ______ type of Taxtion System

• Progressive

• Regressive

In economics, ______is the practice of producing a good or service in one country and selling it to consumers in another country.

• Export

• Import

______ Duty is Imposed on both, Export and Import

• Custom

• VAT

• Sales Tax