Which of the following subjects related to finance, comes under state list:

1. Tax on Agricultural Income
2. Tax on purchase of newpapers
3. Tax on sale of electricity

1 and 2 only

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3 only

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1, 2 and 3

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1 and 3 only

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Solution

The correct option is D 1 and 3 only
Subjects related to State Finances are as follows -Taxes and duties related to agricultural lands -Capitation Taxes -Excise on liquors, opium etc. -Taxes on the consumption or sale of electricity -Sales tax on goods (other than newspapers)

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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.

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