Multiple choice

According to the distribution of taxes in the Constitution of India, some taxes are levied, collected and retained by the Centre. Which of the following does not come under this list?

  1. Customs Duty

  2. Corporation Tax

  3. Taxes on sale or purchase of newspapers

  4. Taxes on Capital (other than Agricultural Land)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The taxes are levied, collected and retained by the Centre include Customs Duty, Corporation Tax, Taxes on Capital (other than Agricultural Land), etc. Some taxes are levied and collected by the Centre, but the proceeds are to be distributed among States. Tax on sale or purchase of newspapers and ads is one such tax.

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