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  1. Which of the following statements are true for the Income Tax in
    India?
    1. It is a progressive tax
    2. It is a direct tax
    3. It is collected by the State Governments
    4. It is a proportional tax
    Codes
    1. Only 1
    2. Only 1 and 2
    3. 1, 2 and 3
    4. 2, 3 and 4
Correct Option: B

N/A


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