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Question

On the subject of income tax ___________.

A
The union government have more powers than state governments
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B
The stare government has more powers than the union government
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C
Both the Union and the State government have equal rights
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D
Only the union government has powers
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Solution

The correct option is D Only the union government has powers

India has a three-tier tax structure, wherein the constitution empowers the union government to levy income tax, tax on capital transactions, sales tax, service tax, customs and excise duties and the state governments to levy sales tax on intrastate sale of goods, tax on entertainment and professions, excise duties on manufacture of alcohol, stamp duties on transfer of property and collect land revenue.


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