GK
INDIAN POLITICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following is a source of income of the Gram Panchayats?
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Income tax
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Sales tax
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Professional tax
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Levy duties
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Explanation:
Detailed explanation-1: -The correct answer is House Tax. House taxes were collected by Panchayats in India.
Detailed explanation-2: -Property taxes, payroll taxes, sales taxes, and licencing fees are all examples of local taxes. The Panchayat is in charge of collecting the Local Affairs Tax. Hence, this option is correct.
Detailed explanation-3: -Two sources of income of a Gram Panchayat are:1. Panchayats have the right to levy taxes on property land goods and cattle. 2. Panchayats collect taxes on the sale of goods in fairs and makeshift bazaars markets.
Detailed explanation-4: -Detailed Solution. The correct answer is Loans from Nationalised Banks.
There is 1 question to complete.