UPSC 1995 › Indian Economy › Taxation

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UPSC 1995 · Q46 · Indian Economy › Taxation · Save

Corporation tax

(a) is levied and appropriated by the States
(b) is levied by the Union and collected and appropriated by the States
(c) is levied by the Union and shared by the Union and the States
(d) is levied by the Union and belongs to it exclusively
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Answer: (d) is levied by the Union and belongs to it exclusively