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
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.
Result | Eligibility | Application | Selection Process | Cutoff | Admit Card | Preparation Tips
Question : Which of the following sets belongs to central tax?
Question : Which of the following is an indirect tax?
Question : Which of the following taxes is proportional in nature?
Question : Which of the following is a source of tax revenue?
Question : The liability to pay the tax and the actual burden of which of the following taxes lie on two different persons?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile