The Divisible pool consist of all major taxes of Federal Government except :
- Income tax and federal excise duty
- Custom duty and regulatory duty
- Cess and levies
- None
Explanation
A cess is a form of tax levied by the government on tax with specific purposes till the time the government gets enough money for that purpose.
Related MCQs
MCQs will be added soon
Leave a Reply
Your email address will not be published. Required fields are marked *
