Q161
Indian EconomyPublic Finance, Budget & Taxation
Which of the following is not shared by the Central and the State Governments?
- a.Property tax
- b.Basic Customs duty
- c.Stamp duty
- d.All of the above
Answer: (D) All of the above
The keyed answer treats all three as unshared: property tax is levied by local bodies, stamp duty is levied by the Union under Article 268 but collected and kept by the States, and customs is a Union tax. On that reading none of the three is divided between the Centre and the States. Note: since the 80th Amendment (2000) basic customs duty forms part of the divisible pool shared with the States on Finance Commission recommendations, so only property tax and stamp duty are truly unshared. PSC answer key given option D.