Economics · Indian Economy
Which group of taxes is collected by the Central Government and shared with the states?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Estate duty, Expenditure tax
- 2Service tax, Wealth tax
- 3Customs duty, Corporation tax
- 4Income tax, Union excise duties (excluding those specified in clauses 84, 85 and 92C of List I)✓
Correct answer
Income tax, Union excise duties (excluding those specified in clauses 84, 85 and 92C of List I)
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