What are the two main sources of revenue of central government?
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1. Tax revenue-Union Excise Duties,Customs, Income Tax, Corporation Tax, Wealth Tax, Gift Tax, Capital Gains Tax, Hotel Expenditure Tax, Tax on Foreign Travel.
2.Non Tax revenue- Interest Receipts, Surplus Profits of the Reserve Bank of India (RBI), Currency, Coinage and Mint, Railways, Profits of Public Enterprises.
Hope it helps. God bless u.
2.Non Tax revenue- Interest Receipts, Surplus Profits of the Reserve Bank of India (RBI), Currency, Coinage and Mint, Railways, Profits of Public Enterprises.
Hope it helps. God bless u.
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Answer:
˙❥˙Tax is one of the major sources of revenue for the government to carry out its work. Tax revenue can be classified into a few major categories — corporation tax, tax on income, Customs, Union excise duties, service tax, and several others. Corporation tax is the biggest source of revenue for the government.✧*。
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