Previous year MCQs

Economy UPPSC 2000 GS-I
Question

Which among the following taxes is not shared by the Central Government with UP Government under the Finance Commission award?

Answer & Solution

Answer: (Detailed Solution Below)

Option D: Agriculture Income Tax

Detailed Solution:

The correct answer is “Agriculture Income Tax”.
Income tax, excise duty, and customs duty are taxes levied by the Central Government, and their proceeds are shared with the states, including Uttar Pradesh, as per the recommendations of the Finance Commission.

Agriculture Income Tax is exclusively levied by the state governments and is not shared with the Central Government.

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