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  1. Which of the following isnot the source of the revenue of central Government?
    1. Income Tax
    2. Corporate Tax
    3. Agricultural Income Tax
    4. Excise Duty
Correct Option: C

The shareable central taxes include corporation tax, income tax, wealth tax, customs, excise duty and service tax. The taxes, which are not shared with states include some cesses like education and road. Income Tax in India includes all income except the agricultural income that is levied and collected by the central government.



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