Question

Match List - I with List - II :

List - I	List - II
A. Stamp duties and duties on medical	I. Duties levied by the Union Government but collected and appropriated by the State
B. Duties on succession to property other than agricultural land	II. Taxes levied and collected by the Union but assigned to the States
C. Taxes on income other than corporation tax and taxes on agricultural income	III. Taxes levied and collected by the Union and distributed between the Union and the States
D. Excise duty on items other than medical and toilet preparation	IV. Taxes levied and collected by the Union but which may be distributed between the Union and the States

Choose the correct answer from the options given below :

1. (A) - (I), (B) - (II), (C) - (III), (D) - (IV)
2. (A) - (I), (B) - (III), (C) - (IV), (D) - (II)
3. (A) - (II), (B) - (I), (C) - (III), (D) - (IV)
4. (A) - (I), (B) - (IV), (C) - (III), (D) - (II)

Answer 1

Correct Answer - Option 1 : (A) - (I), (B) - (II), (C) - (III), (D) - (IV)

The correct answer is (A) - (I), (B) - (II), (C) - (III), (D) - (IV).

• Under Article 268(1) in the Constitution Of India, stamp duties and such duties of excise on medicinal and toilet preparations as are mentioned in the Union List shall be levied by the Government of India but shall be collected:
  • a) in the case where such duties are leviable within any Union territory, by the Government of India, and
  • b) in other cases, by the States within which such duties are respectively leviable.
• Under Article 269(1) of the Constitution Of India, Duties on succession to property other than agricultural land shall be levied and collected by the Government of India but shall be assigned to the States.
• Under Article 270 of the Constitution Of India, Taxes on income other than agricultural income shall be levied and collected by the Government of India and distributed between the Union and the States.
• Medicinal and Toilet Preparations (Excise Duties) Act, 1955 is an act to provide for the levy and collection of duties of excise on medicinal and toilet preparations containing alcohol, (narcotic drug or narcotic).
• Article 270: All taxes and duties referred to in the Union List, except the duties and taxes referred to in articles 268 and 269, respectively, a surcharge on taxes and duties referred to in Article 271 and any cess levied for specific purposes under any law made by Parliament shall be levied and collected by the Government of India and shall be distributed between the Union and the States in the manner provided in clause (2).
  • (2) Such percentage, as may be prescribed, of the net proceeds of any such tax or duty in any financial year shall not form part of the Consolidated Fund of India, but shall be assigned to the States within which that tax or duty is leviable in that year, and shall be distributed among those States in such manner and form such time as may be prescribed in the manner provided in clause (3).
  • (3) In this article, “Prescribed” means -
    • (i) until a Fin  ance Commission has been constituted, prescribed by the President by order, and
    • (ii)after a Finance Commission has been constituted, prescribed by the President by order after considering the recommendations of the Finance Commission.’]  ​