Question
Which one of the following agencies assigns the Agricultural Income Tax to states in India?
Answer: Option D
Answer: (d)
Agricultural income tax to states in India is assigned by the Constitution of India.
The agency responsible for it is the Finance Commission whose function is the distribution of net proceeds of taxes between the Centre and the States, to be divided as per their respective contributions to the taxes.
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Answer: (d)
Agricultural income tax to states in India is assigned by the Constitution of India.
The agency responsible for it is the Finance Commission whose function is the distribution of net proceeds of taxes between the Centre and the States, to be divided as per their respective contributions to the taxes.
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