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Question
Taxes like wealth tax and gift tax in India which carry their significance only on paper and have no significance in terms of revenue yield are called
Options:
A .  indirect tax
B .  direct tax
C .  value added tax
D .  paper taxes
Answer: Option D
:
D
Taxes like wealth tax and gift tax in India which carry their significance only on paper and have no significance in terms of revenue yield are called paper taxes.

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