Solved UPSC CDS/OTA Question
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Q · Taxation SystemMedium · 45s
Which of the following taxes is/are levied and collected by the Union but assigned to the States? 1. Stamp duties on financial documents 2. Taxes on transactions in stock exchanges Select the correct answer:
TopicTaxation System
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min
Step-by-Step Solution
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Stamp duties on financial documents are levied by the Union but collected by the States.
Final Answer: Option A — 1 only