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Consider the following statements with respect to taxation of local governments in India:1. Property taxes are the only sources of direct tax revenue at the third tier of government.2. The tax collections of local governments from potentially buoyant sources of revenue are generally stacked at very low levels.Which of the above statement is/are correct?a)1 onlyb)2 onlyc)Both 1and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements with respect to taxation of local governments in India:1. Property taxes are the only sources of direct tax revenue at the third tier of government.2. The tax collections of local governments from potentially buoyant sources of revenue are generally stacked at very low levels.Which of the above statement is/are correct?a)1 onlyb)2 onlyc)Both 1and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements with respect to taxation of local governments in India:1. Property taxes are the only sources of direct tax revenue at the third tier of government.2. The tax collections of local governments from potentially buoyant sources of revenue are generally stacked at very low levels.Which of the above statement is/are correct?a)1 onlyb)2 onlyc)Both 1and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.

Solutions for Consider the following statements with respect to taxation of local governments in India:1. Property taxes are the only sources of direct tax revenue at the third tier of government.2. The tax collections of local governments from potentially buoyant sources of revenue are generally stacked at very low levels.Which of the above statement is/are correct?a)1 onlyb)2 onlyc)Both 1and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

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