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Which of the following taxes is levied by the Union and collected and appropriated by the States?
Question

Which of the following taxes is levied by the Union and collected and appropriated by the States?

A.

Passenger and Goods Tax

B.

Taxes on Newspapers

C.

Estate Duty

D.

Stamp Duty

Correct option is D



Stamp Duty: This is a tax levied on certain legal documents, typically involving the transfer of assets or property. While the rate of stamp duty is determined by the Union government for certain instruments, it is collected and appropriated by the State governments.

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