Question : Among the tax revenues of the Union Government, the most important source is:
Option 1: income tax
Option 2: customs duty
Option 3: corporation tax
Option 4: union excise duties

Question

Question : Among the tax revenues of the Union Government, the most important source is:

Option 1: income tax

Option 2: customs duty

Option 3: corporation tax

Option 4: union excise duties

Team Careers360 · Accepted Answer

Correct Answer: union excise duties

Solution : The correct option is corporation tax.

Corporation tax is the main source of revenue for the Union government. It is a tax levied against limited firms and other organisations like associations, clubs, and unorganised enterprises that have taxable earnings.

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Question : Among the tax revenues of the Union Government, the most important source is:Option 1: income tax Option 2: customs duty Option 3: corporation tax Option 4: union excise duties

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Question : Among the tax revenues of the Union Government, the most important source is:
Option 1: income tax
Option 2: customs duty
Option 3: corporation tax
Option 4: union excise duties