Which of the following statements are true for the Income Tax in India? It is a progressive tax It is a direct tax It is collected by the state Governments It is a proportional tax Choose the correct answer from the codes given below.Code Options: A . &nbspOnly 1 and 2 are correct B . &nbsp1, 2 and 3 are correct C . &nbspOnly 1 is correct D . &nbsp2, 3 and 4 are correct

Which of the following statements are true for the Income Tax in India? It is a

Question

Which of the following statements are true for the Income Tax in India?

Choose the correct answer from the codes given below.Code

Options:

A . Only 1 and 2 are correct

B . 1, 2 and 3 are correct

C . Only 1 is correct

D . 2, 3 and 4 are correct

Answer: Option A
Answer: (a)

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