Indian Polity · Polity
Consider the following statements regarding the constitutional division of taxation powers in India: A. The Union government is assigned broad and elastic sources of revenue such as customs duties and corporation tax. B. Taxes on agricultural income are assigned to the Union government to ensure an elastic revenue base. C. The States are allocated comparatively narrower sources of revenue, including excise on alcoholic liquor. D. This strategic division of taxation powers completely eliminates the vertical imbalance between the Union and the States. Choose the correct statements from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A and C Only✓
- 2B and D Only
- 3B, C and D Only
- 4A, B and D Only
Correct answer
A and C Only
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