Question
Which one of the following statements regarding the
levying, collecting and distribution of Land Revenue is correct?Solution
Taxes Levied and Collected and Retained by States: • Some taxes and duties exclusively belong to states. They are mentioned in the State list. Every state is entitled to levy, collect and appropriate these taxes. The taxes are: 1. Duty on succession to agricultural land 2. Estate duty on agricultural land 3. Land revenue 4. Tax on agricultural income 5. Tax on land and buildings 6. Capitation taxes 7. Tax on mineral rights 8. Tax on the consumption or sale of electricity 9. Tax on vehicles 10. Tax on the sales and purchase of goods (other than newspaper) for e.g. Sales tax 11. Tolls 12. Tax on professions, trades and employment
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