Which one of the following statements regarding the levying, collecting and

Question -

Which one of the
following statements regarding the levying, collecting and distribution of
income tax is correct?

Options:

A . The union levies, collects and distributes the proceeds of income tax between itself and the states

B . The union government levies, collects and keeps all the proceeds of income tax to itself

C . The union government levies and collects the taxes but all the proceeds are distributed among the states

D . only the surcharge levied on income tax is shared between the union and the states

Answer: Option A
:
A

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