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Economics miscellaneous

  1. Which of the following taxes is not collected by the Central Government ?
    1. Income tax
    2. Customs duty
    3. Professional tax
    4. Excise duty
Correct Option: C

A professional tax, also known as an occupation tax or a professional privilege tax, is a tax that a professional must pay to receive the right to practice a professional service. Many state and local governments collect professional tax, and a professional who has clients in more than one state may owe professional taxes in several states.



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