Question

    Which of the following taxes was levied, collected and retained by the Central Government?

    A Land revenues Correct Answer Incorrect Answer
    B Corporate tax Correct Answer Incorrect Answer
    C Taxes on agriculture income Correct Answer Incorrect Answer
    D Entertainment tax Correct Answer Incorrect Answer

    Solution

    The tax that was levied, collected, and retained by the Central Government among the given options is the Corporate tax.  Land revenues: Typically levied by state governments. Corporate tax: Levied, collected, and retained by the Central Government. Taxes on agriculture income: Levied by state governments. Entertainment tax: Levied by state governments.

    Practice Next

    Relevant for Exams: