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Which of the following are the major sta...

Which of the following are the major state taxes in India?

A

Stamp duty and registration

B

Income tax

C

Corporation tax

D

Customs duty

Text Solution

Verified by Experts

The correct Answer is:
A
Registration fee is the cost levied by the government to record the property details, and stamp duty is a tax levied on the legal recognition of the property documents. However, the stamp duty and registration charges depend on the ownership type and the transaction value of the property.
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