Which one of the following tax is within the jurisdiction of the State Governments as enumerated in List – II of the Constitution of India?
A. Taxes other than stamp duties on transactions in stock exchange and future markets.
B. Taxes on Railway freights and fares.
C. Taxes on mineral rights subject to any limitations imposed by the Parliament.
D. Rate of stamp duty in respect of certain financial documents.
Answer:C
Which one of the following tax is within the jurisdiction of the State Governments as enumerated in List – II of the Constitution of India?
A. Taxes other than stamp duties on transactions in stock exchange and future markets. B. Taxes on Railway freights and fares. C. Taxes on mineral rights subject to any limitations imposed by the Parliament. D. Rate of stamp duty in respect of certain financial documents.