Question

Match List I with List II and select the correct answer using the codes given below the lists:

List I	List II
A. Income Tax	1. Levied and collected by the Central Government
B. Corporation	2. Levied and collected by the Central Government and shared by the State Government
C. Professional Tax	3. Levied by the Tax Central Government but collected and appropriated by the State Government
D. Stamp Duties	4. Levied, collected and retained by the State Government.

• A. A-2 B-4 C-3 D-1
• B. A-2 B-3 C-4 D-1
• C. A-2 B-1 C-4 D-3
• D. A-4 B-1 C-3 D-2

Answer 1

The correct option is C A-2 B-1 C-4 D-3

A. Income Tax - Levied and Tax collected by the Central Government and shared between the Centre and the State Government.

B. Corporation - Levied and collected and retained by the Central Government.

C. Professional Tax - Levied and collected and retained by the State Government.

D. Stamp Duties - Levied by the Tax Central Government but collected and appropriated by the State Government.