Q. In the context of the Seventh Schedule of the Indian Constitution, taxes on lands and buildings fall under which list?
Answer: State List
Notes: Taxes on lands and buildings are listed under the State List in the Seventh Schedule of the Indian Constitution. Originally listing 66 items, this list outlines domains solely legislated by state governments. These categorizations were implemented to delineate powers between the Union and states, thus fostering federalism in India. This separation of powers allows states to effectively govern and administrate local issues, including land and building taxation, addressing region-specific needs efficiently.

This question is part of 40000+ General Studies MCQ Series Course on GKToday Android app. Question Number: 30 in Finance Commissions [Central & States] in above course in App.