Multiple Choice Questions on Which one among the following is nota source of tax revenue for the Central Government in India ........ for General Studies (Level 1) Preparation

Budgeting and Fiscal policy

Indian Economy (Easy)

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Indian Economy - Understanding the basics of Indian economic system

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    Which one among the following is nota source of tax revenue for the Central Government in India ?

    Income tax

    Incorrect Answer

    Customs duties

    Incorrect Answer

    Service tax

    Incorrect Answer

    Motor Vehicle tax

    Correct Answer
    Explanation:

    Motor Vehicle tax is not a source of tax revenue for the central government in India.Motor Vehicles Tax in India is imposed by state governments. It is calculated on the basis of various factors including engine capacity, seating capacity, unladen weight and cost price. Hence option 4th is correct.


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