Which of the following is/are correctly matched?
I. Stamp duties and duties on medical and toilet preparations-levied by the Union but collected and appropriated by the States.
II. Duties on succession to property other " than agricultural land-levied and' collected by the Union but assignedto the States.
III. Taxes on income other than corporation tax and tax on agricultural income-levied. collected and appropriated by the Union.
IV. Receipts from Broadcasting-non- tax revenue of the Union.

Question

Quizplus · Accepted Answer

Stamp duties and duties on medical and toilet preparations are levied by the Union but collected and appropriated by the States. Duties on succession to property other than agricultural land are levied and collected by the Union but assigned to the States. Receipts from Broadcasting are non-tax revenue of the Union. Taxes on income other than corporation tax and tax on agricultural income are levied, collected, and appropriated by the Union, but this statement is not entirely correct as income tax is shared with the states.

Which of the Following Is/are Correctly Matched