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Which of the following sets of taxes belongs to Central Government?
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- Excise duty, Sales tax and Custom duty
- Income tax, Custom duty and House tax
- Excise duty, Custom duty and Income tax
- Custom duty, Entertainment tax and Income tax
- Excise duty, Sales tax and Custom duty
Correct Option: C
The taxing powers of the central government encompass taxes on income (except agricultural income), excise on goods produced (other than alcohol), customs duties, and inter-state sale of goods. The authority to levy a tax is comes from the Constitution which allocates the power to levy various taxes between the Centre and the State.
