BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Many times we read in newspapers/magazines about the increase or decrease in tax collection. Which of the following taxes is not included in the tax collection levied by the Union Government?
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Property Tax
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Education Cess
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Corporate Tax
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Income Tax
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Explanation:
Detailed explanation-1: -The correct answer is Stamp duties. Stamp duties are levied by Union and collected and appropriated by States.
Detailed explanation-2: -The correct answer is Excise Tax.
Detailed explanation-3: -Taxes that the states levy, collect, and retain include Land revenue, agricultural income taxes, succession and estate charges are among them.
There is 1 question to complete.