Which of the following Articles of the Constitution of India states that there would be no tax levied or collected EXCEPT by the authority of law?
Show answer & explanation
Correct answer: C
Explanation
The correct answer is option 3 i.e. Article 265
Article 265 of the Indian constitution deals with the taxes not to be imposed save by authority of law. It means that no tax shall be levied or collected except by the authority of law.
Additional Information:
- The 7th schedule of the constitution defines the subjects on which Union/State or both can levy taxes.
- As per the 73rd and 74th amendments of the constitution, limited financial powers have been given to the local governments which are enshrined in Part IX and IX-A of the constitution.