BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Major source of revenue for Indian government is
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Corporation Tax
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Income Tax
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GST
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All of these
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Explanation:
Detailed explanation-1: -The 5 major sources of revenue for the Government are Goods and Services Tax (GST), Income tax, corporation tax, non-tax revenues, union excise duties . You can read about the Taxation System in India – Types, GST, VAT, Objectives, Limitation in the given link. Download The E-Book Now!
Detailed explanation-2: -Tax is the main source of revenue for the government. The government levies taxes on incomes, goods and services. Q. What is the main source of revenue for the government?
Detailed explanation-3: -Q. Tax revenue is the main source of regular receipts of the government.
There is 1 question to complete.