

MCQOPTIONS
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1. |
Which among the following sentences is / are correct ? |
A. | The Union Levies, collects and distributes the proceeds of income tax between itself and states |
B. | The Union Levies, collects and distributes the proceeds of income tax between states |
C. | The Union Levies, collects and keeps the proceeds of income tax |
D. | The Union Levies, collects and distributes the proceeds of income tax & Surcharge and only surcharge is distributed among states |
Answer» B. The Union Levies, collects and distributes the proceeds of income tax between states | |