Consider the following statements : In India, taxes on transactions in Stock Exchanges and Futures Markets are
    • 1. levied by the Union 
    • 2. collected by the State 
    Which of the statements given above is /are correct ?

  • 1 only
  • 2 only
  • Both 1 and 2
  • Neither 1 nor 2

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In India, the tax proceeds of which one of the following as a percentage of gross tax revenue has significantly declined in the last five years ?
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Consider the following statements : In India, taxes on transactions in Stock Exchanges and Futures M
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