Budgeting and Fiscal policy

Indian Economy (Easy)

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Among the tax revenues of the Union Government, what is the largest source?

Income tax

Corporation tax

Central Excise

Customs Duty

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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