GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Revenue of the state governments are raised from the following sources, except
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entertainment tax
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expenditure tax
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agricultural income tax
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land revenue
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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: -Four sources of state government revenue are sales taxes, individual income taxes, corporate income taxes, and licensing fees.
Detailed explanation-3: -Intergovernmental revenue. Property taxes. Utility revenues. Sales taxes. Bonds. Other sources of income.
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