Multiple Choice Questions on Which one of the following statements regarding the levying collecting and distribution of Income Ta........... for UPSC Civil Services Examination (General Studies) Preparation

Back to Main Page

Multiple Choice Questions

Which one of the following statements regarding the levying collecting and distribution of Income Ta...........

Indian Polity State Executive
    Download Solution PDF

    Which one of the following statements regarding the levying, collecting and distribution of Income Tax is correct?

    The Union levies, collects and distributes the proceeds.

    Correct Answer

    The Union levies, collects and keeps all the proceeds of income tax to itself.

    Incorrect Answer

    The Union levies and collects the tax but all the proceeds are distributed among the states.

    Incorrect Answer

    Only the surcharge levied on income tax is shared between the Union and the states.

    Incorrect Answer
    छोटे Courses बड़े Results
    Master State Executive
    Prepare through Micro-courses
    Try Now
    Explanation:

    India is a Federal state. Power is divided between the Union and the states. The functions have been classified as exclusively for the centre, exclusively for the state and both for the centre and the states.

    By: Shubham Tiwari
    ProfileResources

    Let's Discuss

    Master
    State Executive
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free