Economics · Indian Economy
Which taxes are levied by the Union but distributed between the Union and the States based on the Finance Commission's recommendations?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Corporate Tax
- 2Both Income Tax and Central Excise Duties✓
- 3Central Excise Duties only
- 4Income Tax only
Correct answer
Both Income Tax and Central Excise Duties
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