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Which of the following taxes is not shared between the union and the states?
- a)Income tax
- b)Excise duty
- c)Corporation tax
- d)Sales tax
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which of the following taxes is not shared between the union and the s...
Not Shared Taxes between Union and States
There are several taxes that are levied in India, and some of them are shared between the Union and the States. However, there are also some taxes that are not shared between them. The tax that is not shared between the Union and the States is explained below:
Sales Tax
The sales tax is a tax that is levied on the sale of goods within a state. It is a state-level tax, which means that the state government is responsible for collecting it. The sales tax is not shared between the Union and the States, as it is entirely a state-level tax.
Shared Taxes between Union and States
On the other hand, there are several taxes that are shared between the Union and the States. These taxes include:
1. Income Tax: Income tax is a tax that is levied on the income earned by individuals and companies. It is a shared tax between the Union and the States.
2. Excise Duty: Excise duty is a tax that is levied on the production of goods within the country. It is a shared tax between the Union and the States.
3. Corporation Tax: Corporation tax is a tax that is levied on the income earned by companies. It is a shared tax between the Union and the States.
Conclusion
In conclusion, the sales tax is the only tax that is not shared between the Union and the States. The Union and the States share the responsibility of collecting income tax, excise duty, and corporation tax.
There are several taxes that are levied in India, and some of them are shared between the Union and the States. However, there are also some taxes that are not shared between them. The tax that is not shared between the Union and the States is explained below:
Sales Tax
The sales tax is a tax that is levied on the sale of goods within a state. It is a state-level tax, which means that the state government is responsible for collecting it. The sales tax is not shared between the Union and the States, as it is entirely a state-level tax.
Shared Taxes between Union and States
On the other hand, there are several taxes that are shared between the Union and the States. These taxes include:
1. Income Tax: Income tax is a tax that is levied on the income earned by individuals and companies. It is a shared tax between the Union and the States.
2. Excise Duty: Excise duty is a tax that is levied on the production of goods within the country. It is a shared tax between the Union and the States.
3. Corporation Tax: Corporation tax is a tax that is levied on the income earned by companies. It is a shared tax between the Union and the States.
Conclusion
In conclusion, the sales tax is the only tax that is not shared between the Union and the States. The Union and the States share the responsibility of collecting income tax, excise duty, and corporation tax.
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Which of the following taxes is not shared between the union and the states? a)Income tax b)Excise duty c)Corporation tax d)Sales taxCorrect answer is option 'D'. Can you explain this answer?
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Which of the following taxes is not shared between the union and the states? a)Income tax b)Excise duty c)Corporation tax d)Sales taxCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following taxes is not shared between the union and the states? a)Income tax b)Excise duty c)Corporation tax d)Sales taxCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following taxes is not shared between the union and the states? a)Income tax b)Excise duty c)Corporation tax d)Sales taxCorrect answer is option 'D'. Can you explain this answer?.
Which of the following taxes is not shared between the union and the states? a)Income tax b)Excise duty c)Corporation tax d)Sales taxCorrect answer is option 'D'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Which of the following taxes is not shared between the union and the states? a)Income tax b)Excise duty c)Corporation tax d)Sales taxCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following taxes is not shared between the union and the states? a)Income tax b)Excise duty c)Corporation tax d)Sales taxCorrect answer is option 'D'. Can you explain this answer?.
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