Home › CS Executive › taxlaws › Direct Taxes — At a Glance › Schedule VII to the Constitution of India enumer…
Schedule VII to the Constitution of India enumerates legislative powers under three Lists. Which list combination correctly names them, as cited in the lesson?
Answer & Solution
Correct answer: C.
1. Article 246 read with Schedule VII distributes legislative powers.
2. The lesson names the three Lists: Union List, Legislative List (State) and Concurrent List.
3. In case of conflict on a Concurrent List entry, Union law prevails.
4. The other label combinations are not constitutional terms.
_Source: ICSI CS Executive Paper 4 (Tax Laws) — Lesson 1: Direct Taxes — At a Glance, pp. 10-22._
Related questions
The Income Tax Department is described as functioning within a specific arm of the GovernmThe Central Board of Indirect Taxes and Customs sits alongside the CBDT under the DepartmeArticle 246 of the Constitution serves a specific structural role in the Indian tax framewThe Direct-Tax GDP Ratio table in the lesson reports a "Buoyancy Factor" for each financiaThe lesson provides a vital-statistics table showing the share of direct taxes as a percenThe lesson outlines a broad mandate for the Income Tax Department covering domestic and inThe lesson states that the CBDT is also India's official designated unit for a specific inThe Income Tax Act, 1961 replaced an earlier statute that had been in force for a long str