Consider the following important sources of tax revenue for the Central Government : I. Corporation tax II. Taxes on income other than corporation tax III. Customs IV. Union excise duties Which one o…

Question

Consider the following important sources of tax revenue for the Central Government : I. Corporation tax II. Taxes on income other than corporation tax III. Customs IV. Union excise duties Which one of the following is the correct descending order in terms of gross tax revenue?

PYQPulse · Accepted Answer

I-II-IV-III

PYQPulse · Answer

Explanation: Central Government Tax Revenue Sources Explained This solution explains the main sources of tax revenue for the Central Government and ranks them in descending order based on their contribution to the gross tax revenue. The question asks us to identify the correct descending order for the following

Consider the following important sources of tax revenue for the Central Government : I. Corporation tax II. Taxes on income other than corporation tax III. Customs IV. Union excise duties Which one of the following is the correct descending order in terms of gross tax revenue?

Answer: A. I-II-IV-III

Explanation

Consider the following important sources of tax revenue for the Central Government : I. Corporation tax II. Taxes on income other than corporation tax III. Customs IV. Union excise duties Which one of the following is the correct descending order in terms of gross tax revenue?

Answer: A. I-II-IV-III

Explanation