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Rights of the Citizens

From where do...

Question

From where does a major portion of tax revenue for the central government come from?

A

Corporation tax

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B

Income tax

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C

Borrowings

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D

Union Excise Duties

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Solution

The correct option is A Corporation tax
A major portion of tax revenue for the central government is corporation tax since it is levied on companies. Hence, it comes from corporation tax.

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