Union Government Revenue Sources
MAT 2018 · Indian & Global Environment · Easy · Indian Economy
Which of the following sources yields the maximum revenue to the Union Government?
- A.
Income tax
- B.
Property tax
- C.
Excise duty
- D.
Customs duty
Answer
C
Explanation
Corporation tax and Union Excise Duty historically form the largest share of indirect revenue for the Central Government among the choices provided.
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