Q. Which of the following tax is levied by the Center and not shared with the states? Answer:
Corporation Tax
Notes: The taxes levied, collected and retained by the Center are Corporation Tax (Corporate Tax), Customs Duty. Surcharge on income tax. Tax on capital value of assets of individuals and companies. Duty on Union List matters. These taxes belong exclusively to the Centre, no part of the proceeds of these taxes can be assigned to the states.