Corporation Tax:

Practice MCQ for SSC, UPSC, RRB Exams

A. is levied by the Union and collected and appropriated by the States A.
B. is levied by the Union and belongs to it exclusively B.
C. is levied and appropriated by the States C.
D. is levied by the Union and shared by the Union and the States D.

Correct Answer: B সঠিক উত্তর: B

Explanation ব্যাখ্যা

Corporation tax is a direct tax levied collected and appropriated by the Union or the central government. No part of this tax can be assigned to the states.

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