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State government revenue sources: Identify the exception. State revenues arise from state taxes and non-tax sources; pick the item <em>not</em> primarily a state source. Choose the correct option.

Q: State government revenue sources: Identify the exception. State revenues arise from state taxes and non-tax sources; pick the item not primarily a state source. Choose the correct option.

Concept Under India’s constitutional scheme, corporation tax is a Union subject. State excise, stamp duty/registration, and agricultural income tax are State subjects. Final Answer Corporation tax

Difficulty: Medium

Corporation tax
State excise (e.g., on liquor)
Stamp duty and registration fees
Taxes on agricultural income

Correct Answer: Corporation tax

Explanation:

Concept

Under India’s constitutional scheme, corporation tax is a Union subject.
State excise, stamp duty/registration, and agricultural income tax are State subjects.

Final Answer
Corporation tax

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