Indian Polity · Polity

Consider the following statements regarding the distribution of taxation powers and financial relations between the Union and the States in India: A. The Constitution segregates taxation powers, assigning duties like customs and corporation tax to the Union, while land revenue is designated as a State tax. B. In the established framework of financial relations, stamp duty and excise on alcohol are specifically categorized under the taxation powers of the States. C. The Union government holds the exclusive power to levy taxes on all categories of income, including agricultural income, to maintain fiscal uniformity. D. The constitutional provisions regulating the financial relations between the Union and the States are primarily contained within Articles 268 to 293. Choose the most appropriate answer from the options given below: