Multiple choice

The tax levied by Central Govt and collected by State Govt is:

  1. Excise Duty

  2. Stamp Duty

  3. Income Tax

  4. None
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Stamp Duty is a tax levied by the Central Government but collected by State Governments. It's imposed on legal documents and transactions involving property transfer.

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