wiz-icon
MyQuestionIcon
MyQuestionIcon
5
You visited us 5 times! Enjoying our articles? Unlock Full Access!
Question

The tax which is levied temporarily in order to a complete a project is called _________.

A
capital tax
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
B
income tax
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
expenditure tax
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
sales tax
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is C capital tax
A capital gains tax is a tax on the profit realized on the sale of a non-inventory asset. The most common capital gains are realized from the sale of stocks, bonds, precious metals, real estate, and property. Taxes are levied by governments on their citizens to generate income for undertaking projects to boost the economy of the country and to raise funds.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Let’s Solve the Puzzle
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon