Multiple choice

The tax levied by central government and collected by state government is

  1. Stamp Duty

  2. Excise Duty

  3. Income Tax

  4. Gift Tax
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A Correct answer
Explanation

Stamp duties are taxes levied by the Central Government under Article 268 of the Constitution, but they are collected and appropriated by the respective State Governments. Other options like Income Tax are both levied and collected by the Centre.

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