Question

Which of the following is/are the source(s) of Revenue for Union Government?

• A. All of the Above
• B. Only 2, 3 & 4
• C. Only 2 & 3
• D. Only 1, 3, 4 & 5

Answer 1

The correct option is B Only 2, 3 & 4

• Sources of revenue for State Governments
• Taxes and duties related to agricultural lands
• Excise on liquors, opium etc.
• Sales tax on goods (other than newspapers) for consumption and use within state.

Taxes on advertisements except newspaper ads