- State governments can receive external aid, routed through the Central government. - Article 285 of the Constitution provides tax immunity to Union property from state/local taxation. - Corporations/ companies created by the Union government fall under the purview of Union property for tax purposes by states.
Which of the following is/are true? 1. A State government can avail external assistance from bilateral agencies for implementation of vital infrastructure projects. 2. State and local authorities can tax the corporations or the companies created by the Union government.
Asked in GPSC Prelims CSP 2 2024 · Topic: The Centre-State Relations (Financial Relations: Allocation of Revenue, Taxation Powers, and Grants-in-Aid)
More Indian Polity and Governance questions
- Consider the following statements: Statement 1 : Parliament may at any time increase any of the duties or taxes by a surcharge for purposes of the Union Statement 2 : The whole proceeds of any such surcharge shall form part of Public Account of India
- Consider the following taxes : (1) Sales tax (2) Income tax (3) Corporate tax (4) Entertainment tax Which of the above taxes are levied by the State government and not shared by Central Government ?
- Which one of the following does not mainly form a part of Tax Revenue of State Governments in India?
- Under which Article of the Constitution of India, Taxes are levied and collected by the centre but distributed between the centre and the States ?
- Which of the following taxes are levied and collected by Union but assigned to States ? (i) Corporation tax (ii) Excise duty on tobacco (iii) Duties in respect of succession to property other than Agriculture land (iv) Stamp duties on Bills of Exchange
- Which of the following States are involved in paying/receiving a fixed amount of money to/ from Travancore Devaswom Fund under the Constitution of India?
- In India, the power to levy and collect taxes is divided between the Central and State Governments. This division is provided under which one of the following Articles of the Constitution of India ?
- In India non-agricultural income tax is