Multiple choice

Directions: Choose the correct option for the given question.

In 2008-09 budget proposals maximum revenue collection is proposed from

  1. Service Tax

  2. Income Tax

  3. Excise duty

  4. Corporation Tax
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Corporation Tax is projected to be the largest source of revenue collection for the Union Government in the 2008-09 budget proposals. As a direct tax on company profits, it consistently forms the biggest share of government tax revenue, along with income tax.

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