What does Mohatarfa mean during Maratha rule?

Tax on trades and profession

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Tax on sales and purchase

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Tax on production

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Tax on entertainment

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Solution

The correct option is A Tax on trades and profession
Mohatarfa was the duties imposed on traders and professionals, and it was treated as the income tax. The tax varied from place to place, shop to shop and profession to profession. It depended on the earning of each trader.

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2018		₹
April 1	Suresh paid into bank	60,000
April 2	He bought goods cheque	24,000
April 3	Sold to Mukand & Co.	6,700
April 4	Sold goods for cash	10,900
April 5	Paid sundry expenses in cash	3,000
April 8	Paid for office furniture and fittings by cheque	4,000
April 9	Bought goods from Ramesh & Bros., Faridabad (Haryana)	10,600
April 10	Sold to Mahendra of Delhi	18,700
April 11	Returned goods to Ramesh & Bros.	1,500
April 12	Issued cheque to Ramesh & Bros. in full settlement	9,000
April 14	Sold goods for cash	4,900
April 30	Bank charged interest	200
April 30	Borrowed from Ridhi @ 10% per annum interest	50,000
April 30	Received from Mahendra on account	6,000
April 30	Sold household furniture and paid the amount into business	2,000
April 30	Sold goods costing ₹ 5,000 to Anita for cash at a profit of 20% on cost less 20% trade discount.	6,500
April 30	Sold goods costing ₹ 20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid cartage ₹ 150 (to be charged from customer).

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