Question

Give reason "Income collected from tax is a main source of government revenue".

Answer 1

income collected from taxes forms a main part of the govt. revenue as a tax is a legally compulsory monetary contribution to the govt. by different economic units such as households , firms and other economic units . taxes are imposed by the govt. on different activities like income, property, production, occupation etc.

Answer 2

Heya _____

Que ___ Give reason "Income collected from tax is a main source of government revenue".

Ans _________

Yes, "Income collected from tax is a main source of government revenue"...

Reason _____

Taxes r the compulsory payment made by people to the govt ...

And at various products many taxed r imposed and govt has no liabilities against tax payers so here money only come...

Thank you