Which of the following is not a union tax?

Stamp duties on financial documents

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Taxes on railway freights and fares

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A and b only

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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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Similar questions

Which of the following taxes form the part of Consolidated Fund of India?

1) Terminal taxes on goods or passengers carried by railway, sea or air;

2) Taxes on railway fares and freights;

3) Taxes other than stamp duties on transactions in stock exchanges and futures markets;

4) Taxes on the sale or purchase of newspapers and on advertisements published therein;

Select the correct answer using the code given below.

12

6

A

B

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