Question
The receipts of which of the following taxes/duties are not shared with the States ?
Answer: Option B
Answer: (b)
The shareable central taxes include corporation tax, income tax, wealth tax, customs, excise duty and service tax. The taxes, which are not shared with states include some cesses like education and road.
Income Tax in India includes all income except the agricultural income that is levied and collected by the central government (List I, Entry 82).
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Answer: (b)
The shareable central taxes include corporation tax, income tax, wealth tax, customs, excise duty and service tax. The taxes, which are not shared with states include some cesses like education and road.
Income Tax in India includes all income except the agricultural income that is levied and collected by the central government (List I, Entry 82).
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