Google News
logo
Indian Polity - General Knowledge Questions
Which of the following tax is levied and collected by the Union government but the proceeds are distributed between the Union and states?
A)
Income tax
B)
Sales tax
C)
Land revenue
D)
Estate duty

Correct Answer :   Income tax

Income tax is imposed by the central government under the Income Tax Act, 1961. This tax is distributed among the states on the recommendations of the finance commission.

Published On : June 20, 2021
Advertisement