BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following taxes is not levied by the State Government?
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Entertainment tax
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VAT
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Professional tax
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None of the above
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Explanation:
Detailed explanation-1: -Detailed Solution. The correct answer is Profession Tax.
Detailed explanation-2: -The correct answer is Excise Tax.
Detailed explanation-3: -The taxation system in India empowers the state governments to levy income tax on agricultural income, professional tax, value added tax (VAT), state excise duty, land revenue and stamp duty.
Detailed explanation-4: -Land revenue is not levied by the Union Government or Central government.
There is 1 question to complete.