Question
Consider the following statement-''Taxes Levied and Collected by the Union but Assigned to the States within which they are leviable'', and find out the correct option.
I. Taxes on transactions in stock exchange
II. Tax of sale and purchase of newspapers including advertisements
III. Estate duty in respect of property other than agriculture land
IV. Stamp duty and duties of excise on the medical and toilet preparations
I. Taxes on transactions in stock exchange
II. Tax of sale and purchase of newspapers including advertisements
III. Estate duty in respect of property other than agriculture land
IV. Stamp duty and duties of excise on the medical and toilet preparations
Answer: Option B
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