SarkariPYQ

SSC Selection Post 2022 PYQ — Question 28

SSC Selection Post - Graduation Level - 1 Aug 2022 - Shift 4 • General Awareness • Q28

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Read the given passage and answer the questions that follow.

From language to cultures - there are annals about India’s diversity writ in bold. At the heart of everything we hold close is our love for food; the aroma from warm hearths wafts in the air, a heady mix of history and meals. So heady, that we often forget that food has a large carbon footprint, and the menace of ever-growing fast-food businesses that contribute the lion’s share to this problem. However, India’s rich traditional and local edible biodiversity, with its focus on home cooked food, presents a ray of hope. Indian members of Relais & Châteaux, in partnership with Slow Food International, hope to bring back our forefathers’ wisdom when it comes to eating, through the Slow Food movement, which started in the 1980s and aims to bring to the fore the connection of plate with people and the planet. Calling for the protection and promotion of traditional techniques associated with regional food cultures is Jaisal Singh, owner of SUJAN group of hotels.

Which of the following is amended by The Taxation Laws (Amendment) Bill, 2021?

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Correct answer: D

Explanation

The correct answer is option 4 i.e. Income Tax Act, 1961.

 

  1. The Taxation Laws (Amendment) Bill, 2021 amended the Income Tax Act, 1961.

  2. It removed the retrospective taxation related to indirect transfer of Indian assets before 28 May 2012.

  3. This amendment was aimed at ending tax disputes with foreign investors.

  4. It also aimed to restore investor confidence and promote ease of doing business.

  5. Other acts like the Finance Act, 2014 or Income Tax Acts of 1962 and 1963 were not amended by this bill.