| Consider the following statements. |
| 1. The taxation system in the Republic of India is quite well structured. |
| 2. The Department of Revenue of the Finance Ministry of the Government of India is responsible for the computation; levy as well as collection of most the taxes in the country. |
| 3. Some of the taxes are even levied solely by the Local State Bodies or the respective governments of the different states in the nation. |
| Select the correct ones using the code given below: |
A) 1, 2 and 3
B) 1 and 2
C) 1 and 3
D) Only 2
Correct Answer: A
Solution :
[a] Over a period of 10 years to 15 years, the tax system in the nation has undergone some significant changes. The entire system has been tremendously reformed
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