Multiple choice

Which of the following taxes is a continuous source of revenue for Central Government throughout the year in India?

  1. Central excise duty

  2. Income Tax

  3. Corporation tax

  4. None of these
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

It is central excise duty. The central excise duty is the excise duty charged on goods manufactured within India like match-box, television etc. These goods are manufactured throughout the year, and, therefore, central excise duty is charged continuously on these goods. Hence, it is a continuous source of revenue for central government throughout the year.

Keep practicing — related questions