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Question

Wealth-tax was abolished with effect from ___________.

A
1st April, 1900
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B
1st April, 1993
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C
1st Jan, 1991
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D
15th February, 1998
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Solution

The correct option is B 1st April, 1993
Wealth-tax, that is, tax levied on personal capital was abolished from 1 st April, 1993.

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