Question

Which of the following taxes is levied by the State Government only?
A) Wealth tax B) Entertainment tax C) Income tax D) Gift tax

Answer 1

Answer:

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Explanation:

The Central Government of India levies taxes such as customs duty,income tax, service tax, and central excise duty. The taxation system in India empowers the state governments to levy income tax on agricultural income, professional tax, value added tax (VAT), state excise duty, land revenue and stamp duty.

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