GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Temporary tax levied to obtain additional revenue is called
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cess
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rate
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fee
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surcharge
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Explanation:
Detailed explanation-1: -Temporary tax levied to obtain additional revenue is called surcharge.
Detailed explanation-2: -The Central Government of India levies taxes such as customs duty, income tax, service tax, and central excise duty.
Detailed explanation-3: -Stamp Duties are mentioned in the Union List shall be levied by the Government of India but collected and appropriated by the States. Was this answer helpful?
Detailed explanation-4: -The correct answer is Excise Tax. Excise tax is not levied by the Union Government.
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