Match the following. Group – A 1. Excise duty

Question

Match the following.

Group – A	Group – B
1. Excise duty	a) levied on the yearly incomes of the individuals
2. Sales tax	b) levied on the yearly profits of the companies and business establishments
3. Customs duty	c) levied on the production or manufacture of goods
4. Income tax	d) levied when goods are sold
5. Corporate tax	e) levied on goods brought from abroad

Answer 1

Group – A	Group – B
1. Excise duty	c) levied on the production or manufacture of goods
2. Sales tax	d) levied when goods are sold
3. Customs duty	e) levied on goods brought from abroad
4. Income tax	a) levied on the yearly incomes of the individuals
5. Corporate tax	b) levied on the yearly profits of the companies and business establishments