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Question
Which one of the following is the major source of gross tax revenue (GTR) for the Government of India?
Options:
A .  Customs duty
B .  Income tax
C .  Corporation tax
D .  Service tax
Answer: Option C
Answer: (c)Corporation tax in India is the major source of Gross Tax Revenue (GTR) for the Government of India. It provides higher tax collection in comparison to income tax, custom duty and service tax.

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