The major revenue sources of Indian Budget are 1 Borrowings and other liabilities nbs...........

Economic Affairs Tax System

The major revenue sources of Indian Budget are:

1. Borrowings and other liabilities

2. Corporation tax

3. Customs duty

4. Union Excise duty

5. Income tax

Arrange the factors mentioned above in ascending order of their value to their contribution towards revenue in recent period:

3-4-5-2-1

4-3-5-2-1

3-4-5-1-2

4-3-5-1-2

Major revenue sources of Indian Budget are (ascending order)

Union Excise duty- Customs duty- Income tax- Corporation tax- Borrowings and other liabilities

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