CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Consider the following statements and identify the right ones.
i. Central government does not have exclusive power to impose tax which is not mentioned in state or concurrent list.
ii. The constitution also provides for transferring certain tax revenues from union list to states.

A
i only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
ii only
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
both
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
none
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B ii only

Among the two options, only second one is true because first one says that only central government has exclusive powers to levy taxes which is not true. Taxes in India are levied by the Central Government and the state governments. The constitution also provides for transferring certain tax revenues from union list to states list.


flag
Suggest Corrections
thumbs-up
0
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Order and Communication
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon