Question : Which among the following is the tax levied by the center and not shared with states?
Option 1: Sales tax
Option 2: Excise duty
Option 3: Corporation tax
Option 4: Income tax
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Correct Answer: Corporation tax
Solution : The correct option is Corporation tax .
The Union Government, as the central authority, sets the tax rates and regulations governing corporation tax. The revenue collected from corporation tax contributes to the central government's funds, supporting a range of national-level endeavours, including infrastructure projects, defence, and other essential functions of the central administration.
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Question : Which of the following sets of taxes belongs to the Central Government?
Question : In India, which of the following taxes is levied by the state government?
Question : Tax on inheritance is called
Question : Which of the following is not an indirect tax?
Question : Which of the following taxes is levied by the state government only?
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