Which among the following taxes is not levied in India: Options: A . &nbspMinimum alternative tax B . &nbspDividend distribution tax C . &nbspCapital gains tax D . &nbspEstate duty

Which among the following taxes is not levied in India:

Question

Which among the following taxes is not levied in India:

Options:

A . Minimum alternative tax

B . Dividend distribution tax

C . Capital gains tax

D . Estate duty

Answer: Option D
Answer: (d)Estate duty is a tax on assets left behind by a person upon his dealt, whereas inheritance tax is tax on assets inherited by a person. It started in 1953 in India and was abolished in 1985.

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