Economics · Local Taxation
What type of tax is 'Octroi' (Chungi)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A land revenue tax collected by the Gram Panchayat
- 2A local tax levied by municipalities or local bodies on goods entering the town✓
- 3A central tax collected on goods manufactured within the territory
- 4A direct tax levied by the State Government on corporate income
Correct answer
A local tax levied by municipalities or local bodies on goods entering the town
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