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which from the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states

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Q.

Which from the following taxes are levied and collected by the centre but their net proceeds are wholly transferred to states?

[A] Taxes on Advertisement

[B] Stamps and Registration

[C] Expenditure Tax and Gift Tax

[D] Additional Duties of Excise in lieu of Sales Tax

Answer & Explanation
Option: [A]

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