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.