Which source of revenue is shared between the Centre and the States in India?

CA Foundation · Business Economics · MTP · April 2025
Which source of revenue is shared between the Centre and the States in India?
(A) A. Excise duty
(B) B. Corporation tax
(C) C. Income tax
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Income tax

Topics: Public Finance

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic