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GK MCQs Section

Page-3 of Topic: Taxation in India

Long Term Capital Gains

Capital gain refers to the gain or profit from the sale of property or an investment. Investment may be in shares, equity, gold, real estate or valuables like paintings. Capital...

April 12, 2018

SK Mohanty appointed as whole-time member of market regulator SEBI

Santosh Kumar Mohanty has been appointed a whole-time member of market regulator Securities and Exchange Board of India (SEBI) for a period of three years. At present Executive...

April 7, 2018

90th AGM of Federation of Indian Chamber of Commerce and Industry (FICCI)

The 90th edition of Annual General Meeting (AGM) of Federation of Indian Chamber of Commerce and Industry (FICCI) has started in New Delhi, which was addressed by Prime...

December 13, 2017

Badri Narain Sharma appointed as chairman of newly constituted NAA under GST regime

Badri Narain Sharma, the 1985 batch IAS officer of the Rajasthan cadre, has been appointed the chairman of the newly constituted National Anti-Profiteering Authority (NAA) under the Goods...

November 29, 2017

12th Standing Committee meeting of Inter-State Council (ISC)

Rajnath Singh, the Union Home Minister, has chaired the 12th Standing Committee meeting of the Inter-State Council (ISC) in New Delhi on November 25, 2017. The purpose of...

November 26, 2017

Sushil Modi committee constituted by Union Finance Ministry to monitor tech issues of GST

The Union Finance Ministry has constituted a Group of Ministers (GoM) headed by Bihar Deputy Chief Minister Sushil Kumar Modi to monitor and resolve the IT challenges faced...

September 14, 2017

New Delhi is hosting annual conference Rajaswa Gyan Sangam (RGS – 2017)

Prime Minister Narendra Modi has inaugurated the annual conference – Rajaswa Gyan Sangam (RGS-2017) in New Delhi on September 1, 2017. The conference is jointly organised by Central...

September 1, 2017

Pradeep Kumar Sinha committee formed by GST Council to select members of National Anti-profiteering Authority (NAPA) under GST

The Goods and Service Tax (GST) Council has formed a selection committee under the chairmanship of cabinet secretary Pradeep Kumar Sinha to identify and recommend eligible persons for...

July 27, 2017

Taxing the Rich Farmers – Current status of Farm Taxes, pros and cons

Recently, economist Bibek Debroy, a member of the NITI Aayog, recommended that the agricultural income above a certain threshold should be taxed. This brought back the question of...

June 7, 2017

Policy Measures on Transfer Pricing

Transfer pricing is one of the methods of tax avoidance. It refers to allocating expenses to high tax countries and profits to low tax countries to reduce tax...

April 5, 2017

GST and Taxation of Intangibles

One of the major taxation problems in India is the taxation on intangible products and services. These include Intellectual property (IP) such as patents, copyrights and trade secrets...

April 5, 2017

Income Tax Amendment Bill passed in Lok Sabha

Lok Sabha has passed the Taxation Laws (Second Amendment) Bill, 2016 in the Lok Sabha. The Bill was introduced as some of the existing provisions of the Income...

November 29, 2016

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