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Question

Which of the following is not a union tax?

A
Stamp duties on financial documents
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B
Taxes on railway freights and fares
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C
A and b only
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D
Tolls
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Solution

The correct option is C A and b only

Tax is levied by government on their citizens to generate income for undertaking projects to boost the economy of the country and to raise the standard of living of its citizens. Union tax is a tax paid to central government. Stamp duties on financial documents, Taxes on railway freights and fares are not the examples of Union tax.


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