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Which is the main source of revenue for the Government of India?
  • a)
    Income tax
  • b)
    Custom duties
  • c)
    Union Excise duties
  • d)
    Corporation taxes
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Which is the main source of revenue for the Government of India?a)Inc...
The gross tax revenue is made up of the corporation tax, which forms the largest part, followed by taxes on individuals, customs duties, excise duties, and service taxes.
The most important commodities from the revenue point of view are sugar, cotton, mill cloth, tobacco, motor spirit, matches and cement.
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Which is the main source of revenue for the Government of India?a)Income taxb)Custom dutiesc)Union Excise dutiesd)Corporation taxesCorrect answer is option 'D'. Can you explain this answer?
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