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Banking Marketing Aptitude Taxation in India Question Bank Taxation in India

  • question_answer
    Which of the following taxes are levied and collected by the center but their net proceeds are wholly transferred to states?                                                                                                                                                 [SSC " SAS 2010]

    A)  Expenditure Tax and Gift tax

    B)        Taxes, or Advertisement

    C)        Stamps and Registration

    D)        Additional duties of excise in lieu of Sales tax   

    Correct Answer: B

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