Which taxes are levied by the Union government but collected and appropriated by the states? - letsdiskuss
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parvin singh

Army constable | Posted on | Education


Which taxes are levied by the Union government but collected and appropriated by the states?


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phd student Allahabad university | Posted on


The option to force stamp obligation lies with Central Government, however the state government has the privilege to gather it.
Stamp obligation is a duty that is collected on single property buys or reports (counting, verifiably, most of authoritative archives like checks, receipts, military commissions, marriage licenses and land exchanges). An actual income stamp must be joined to or urged the report to show that stamp obligation had been paid before the record was legitimately powerful. More current variants of the duty at this point don't need a genuine stamp.

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