CAT 2004 — VARC Question 10
Fill up the blanks A, B, C ... F, in the two passages below with the most appropriate word from the options given for each blank.
"Between the year 1946 and the year 1955, I did not file any income tax returns". With that ______A______ statement, Ramesh embarked on an account of his encounter with the Income Tax Department. "I originally owed Rs. 20,000 in unpaid taxes. With _____B________ and _______C______, the 20,000 became 60,000. The Income Tax Department then went into action, and I learned firsthand just how much power the Tax Department wields. Royalties and trust funds can be ______D_______; automobiles may be _______E______, and auctioned off. Nothing belongs to the ______F_______ until the case is settled."
For Blank F-
Answer & solution
- A
purchaser
- B
victim
- C
investor
offender
The person who does not file his or her IT returns becomes an offender. He is neither an investor (option 3) in Income tax nor is he a purchaser (option 1). Since, it is Ramesh’s fault (by not filing his IT returns), he does not become a victim (option 2).
Hence, the correct answer is option 4.