Q132
Indian PolityCentre-State Relations & Fiscal Federalism
Which of the following taxes is within the jurisdiction of the Central Government?
- a.Corporation Tax
- b.Professional Tax
- c.Land Revenue
- d.Excise on alcoholic liquors
Answer: (A) Corporation Tax
Corporation Tax (tax on profits of companies) is a Central Government tax levied under List I (Union List) of the Seventh Schedule. Professional Tax and Land Revenue are State subjects. Excise duty on alcoholic liquors is also a State subject (states collect this revenue).