Multiple Choice Questions on Among the tax revenues of the Union Government what is the largest source ........ for General Studies (Level 1) Preparation

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Multiple Choice Questions

Among the tax revenues of the Union Government what is the largest source ........

Indian Economy (Easy) Budgeting and Fiscal policy
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    Among the tax revenues of the Union Government, what is the largest source?

    Income tax

    Incorrect Answer

    Corporation tax

    Correct Answer

    Central Excise

    Incorrect Answer

    Customs Duty

    Incorrect Answer
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    Explanation:

    Corporation tax is an especially precious part of any tax system, particularly for developing countries where alternative revenue sources are thin. Corporation taxes are very progressive, and they raise significant sums of money for public services.

    By: Amit Kumar
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    Noorbir Singh

    excise duty will not be the answer?

    0 0 reply
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