What is budget?? Explain it
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budget is a statement of expected income and expenditure of the govt. for the given financial year. when the govt levies taxes and incurs public expenditure, it comes under the purview of budget . thus govt. budget is a sort of financial plan which includes within itself both income and expenditure. traditionally, the budget is presented once in a year by the government. the government of India normally presents the budget in the lok sabha on Feb 28 or 29
the main items of budget of the govt of India are as follows:
items of revenue: corporate tax, income tax, import and export duties, central excise, central sales tax, gift tax, etc.. are the main sources of income
main items of expenditure: security, police, administration, education, health, social welfare, industry, agriculture, planning, rural development,etc.. are the main heads of expenditure...
##jay##
the main items of budget of the govt of India are as follows:
items of revenue: corporate tax, income tax, import and export duties, central excise, central sales tax, gift tax, etc.. are the main sources of income
main items of expenditure: security, police, administration, education, health, social welfare, industry, agriculture, planning, rural development,etc.. are the main heads of expenditure...
##jay##
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