Select the correct answer choice of the following Question : "In Bangladesh the ministry responsible for collecting tax is:"

Select the correct answer choice of the following Question : "In Bangladesh the ministry responsible for collecting tax is:" Correct Answer Ministry of Finance

Bissoy MCQ

Related Questions

Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.
The sumof the pre-tax costs of items A ans item B is Tk. 300. In dhaka, each item would be charged a flat 7% tax. In Rangpur item A is subject to 5% tax and item b is subject to 10% tax. If the tax in Rangpur on the purchase of both items is exactly Tk 3 more than it is in Dhaka, than what is the pre - tax price of item A?
Directions : Following question consists of a statement followed by three arguments I, II and III . You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument.

Statement : Should all the indirect taxes in India be combined into a single tax on all commodities?

Arguments :
I. Yes. This will considerably simplify the tax collection mechanism and the cost of collecting tax will also reduce.
II. Yes. The manufacturers and traders will be benefited by this which in turn will boost tax collection.
III. No. No other country has adopted such system.
In Bangladesh the ministry responsible for collecting tax is:
In Bangladesh the ministry responsible for collecting tax is-
Statement (I): If the tax liability has been reduced within the legal framework, it is tax planning.
Statement (II): If tax liability has been reduced to get benefit of deduction available under the income tax, it is called tax evasion.
In the context of the above two statements, which one of the following is correct?
Consider the given statements as true and decide which of the given conclusions can definitely be drawn from the given statements. Statements : People think that paying tax to the government is a burden and waste. Hence, they avoid paying tax or don't pay tax promptly. Conclusions : 1. Government should create awareness among the people that paying tax helps to build nation. 2. Tax should be increased so that more money is collected.
In the following question, two statements are given each followed by two conclusions I and II. You have to consider the statements to be true even ifthey seem to be at variance from commonly known facts. You have to decide which of the given conclusions, if any, follows from the given statements. Statement: (I) In the GST Model in India, it would be dual tax (GST) with the center and states simultaneously levying tax on a common base tax.
(II) The central and state GST would be levied on every transaction of supply of goods and services simultaneously. Conclusions:
(I) This new tax regime would benefit common man of country.
(II) There would be more clarity on state and central component.
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer :

Statement : The government has decided to hold the employers responsible for deducting tax at source for all its employees.

Assumptions :
I. The employers may still not arrange to deduct tax at source for its employees.
II. The employees may not allow the employers to deduct tax at source.
Of the total amount that Jill spent on a shopping trip, excluding taxes, she spent 50% on clothing 20% on food, and 30% on other items. If Jill paids 4% tax on clothing , on tax on the food, and an 8% tax on all other items, then the total tax that she paid was what percent of the total amount that she spent, excluding taxes?