Question
The Government of India earns maximum revenue from
Answer: Option C
Answer: (c)
The Government of India earns maximum revenue from Union Excise Duty which is the indirect tax levied and collected on the goods manufactured in India and consumed within the country.
Custom Duty: It is a variation of Indirect tax and is applicable on all goods imported and a few Goods exported out of the country.
Corporation tax: It is a direct tax imposed by jurisdiction on the income or capital of Income.
Was this answer helpful ?
Answer: (c)
The Government of India earns maximum revenue from Union Excise Duty which is the indirect tax levied and collected on the goods manufactured in India and consumed within the country.
Custom Duty: It is a variation of Indirect tax and is applicable on all goods imported and a few Goods exported out of the country.
Corporation tax: It is a direct tax imposed by jurisdiction on the income or capital of Income.
Was this answer helpful ?
Submit Solution