Question
Which of the following taxes was levied, collected and
retained by the Central Government?Solution
The tax that was levied, collected, and retained by the Central Government among the given options is the Corporate tax. Â Land revenues: Typically levied by state governments. Corporate tax: Levied, collected, and retained by the Central Government. Taxes on agriculture income: Levied by state governments. Entertainment tax: Levied by state governments.
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