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.
General Knowledge
Indian Economy
Difficulty: Medium
Choose an option
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ACorporation tax
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BState excise (e.g., on liquor)
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CStamp duty and registration fees
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DTaxes on agricultural income
Answer
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 AnswerCorporation tax