44th B.P.S.C. (Pre) 2000

Which is such a tax which is levied by the Central Government but the income received from it, is divided between the center and the state?

aCustom Duty
bCentral Excise Duty
cCorporation Tax
dnone of these✓ Correct

Explanation

For the time of the question, option (b) was the correct answer. At present, all taxes of the Central Government are divisible with the States.

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