3. Mention two main sources of income of a Panchayat.
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Two sources of income of a Gram Panchayat are:1. Panchayats have the right to levy taxes on property land goods and cattle. 2. Panchayats collect taxes on the sale of goods in fairs and makeshift bazaars markets.
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Sᴏᴜʀᴄᴇs ᴏғ ɪɴᴄᴏᴍᴇ:-
✿✿Tʜᴇ ɪɴᴄᴏᴍᴇ ᴏғ ᴛʜᴇ ᴘᴀɴᴄʜᴀʏᴀᴛ sᴀᴍɪᴛɪ ᴄᴏᴍᴇs ғʀᴏᴍ: ʟᴀɴᴅ ᴀɴᴅ ᴡᴀᴛᴇʀ ᴜsᴇ ᴛᴀxᴇs, ᴘʀᴏғᴇssɪᴏɴᴀʟ ᴛᴀxᴇs, ʟɪqᴜᴏʀ ᴛᴀxᴇs ᴀɴᴅ ᴏᴛʜᴇʀs. ɪɴᴄᴏᴍᴇ-ɢᴇɴᴇʀᴀᴛɪɴɢ ᴘʀᴏɢʀᴀᴍᴍᴇs. ɢʀᴀɴᴛs-ɪɴ-ᴀɪᴅ ᴀɴᴅ ʟᴏᴀɴs ғʀᴏᴍ ᴛʜᴇ sᴛᴀᴛᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ᴀɴᴅ ᴛʜᴇ ʟᴏᴄᴀʟ ᴢɪʟᴀ ᴘᴀʀɪsʜᴀᴅ.✿✿
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