constituent assembly of india debates (proceedings)- volume vii

Provinces or
Units.
1. Duties on
Succession to
property
other than
agricultural
land.*
2. Stamp
Duties on
Bills of
Exchange,
Cheques,
Pronotes, Bills
of Lading,
Letters of
Credit,
Policies of
Insurance,
Proxies and
Receipts.!
3. Terminal
Taxes on
goods or
passengers
carried by
Railway or
air.!!
4. Taxes on
Railway fares
and freights.*
(Subject to
the right of
the
Federation to
raise Federal
Revenue by a
surcharge on
all the items
in this list.)
*Not yet levied.
a. Assigned
by the Act.
1. Incometax
other
than
Corporation
Tax,
(Subject to
Federal
Surcharge.)!
2. Jute
Export
Duty.!!
b. May be
assigned by
Federal Law.
1. Duty on
Salt.
2. Other duties
of Excise on
Tobacco and
on other Goods
manufactured
or produced in
India except.
(a) alcoholic
liquor for
human
consumption.
(b) Opium,
hemp and
other narcotics
and non
narcotic drugs.
(c) Medicinal
and toilet
preparations.#
3. Duties of
Export.%
1. Taxes in Lists A
& B in areas
administered by
the Federal
Government.
2. Customs.
3. Corporation
Tax.
4. Surcharges
mentioned in Lists
A & B.
5. Taxes on
capital values of
assets of
individuals and
companies.
6. Miscellaneous
receipts from fees
in respect of
matters in Federal
List (including
fees taken in the
Federal Court).
! These duties continue to be both levied and collected by the Provinces.
!! Levied so far only for the benefit of local bodies.
$Duty now abolished.
#See notes under the other Table.
%No share assigned to Provinces.
Commerci
all
Operations
.
(b) Revenue of the province
|
administe
red by
Federal
Governme
nt.