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Which of the following taxes are levied by the Govt of India? I. Import Duty II. Entertainment tax III.…

Import (customs) duty and personal income tax are levied by the Union Government, whereas entertainment tax and stamp duty were state subjects, so only I and III are correct.

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Which of the following taxes are levied by the Govt of India?
I. Import Duty
II. Entertainment tax
III. Personal Income tax
IV. Stamp Duty

Select one answer
Answer and explanation

Correct answer C

Import (customs) duty and personal income tax are levied by the Union Government, whereas entertainment tax and stamp duty were state subjects, so only I and III are correct.

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