Under Article 270, taxes levied and collected by the Union but distributed between Union and States …

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Under Article 270, taxes levied and collected by the Union but distributed between Union and States include income tax (excluding agricultural income tax) and ______.

customs duty
corporation tax
excise duty on tobacco
GST

Answer: corporation tax

Article 270: Taxes levied/collected by Union and distributed: (a) Income tax (excluding agricultural income), (b) Corporation tax. Distribution per Finance Commission recommendations (15th FC: 41% to States). Distinct from Article 268 (Union duties collected/appropriated by States) and Article 269 (Union taxes assigned to States). Complex fiscal federalism architecture.

Topic Centre-State Relations - Financial Relations

Exam Relevance Tax devolution mechanism question for UPSC Prelims and SSC CGL Tier-2

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Under Article 270, taxes levied and collected by the Union but distributed between Union and States include income tax (excluding agricultural income tax) and ______.