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For which tax, was constitutional status...

For which tax, was constitutional status given much later after its introduction in a small way in 1994 - 95?

A

Customs Duty

B

Corporation Tax

C

Taxes on Services

D

Income Tax

Text Solution

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The correct Answer is:
C
Dr. Manmohan Singh, the then Union Finance Minister, in his Budget speech for the year 1994-95 introduced the new concept of Service Tax. It was given constitutional status by Chapter VA of the Finance Act, 2003.
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