Taxes are Levied and Collected by the Union but Assigned to the States within which they are leviable.
Find out the correct option below:
I. Taxes on transactions in the stock exchange
II. Tax on the sale and purchase of newspapers including advertisements
III. Estate duty in respect of property other than agricultural land
IV. Stamp duty and duties of excise on the medical and toilet preparations
5Q:
Taxes are Levied and Collected by the Union but Assigned to the States within which they are leviable.
Find out the correct option below:
I. Taxes on transactions in the stock exchange
II. Tax on the sale and purchase of newspapers including advertisements
III. Estate duty in respect of property other than agricultural land
IV. Stamp duty and duties of excise on the medical and toilet preparations
- 1Only I & II are correctfalse
- 2I,II & III are correcttrue
- 3All are correctfalse
- 4Only IV & I are correctfalse
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