🎴 Flashcard Mode
Indian Economics and Financial Policy
Card1 / 13
Mastered0
Review0
QuestionClick to flip
As per the budget proposals for 2008-09 the percentage share of direct taxes, in gross tax revenue is—
AnswerClick to flip back
A
53·07%
💡 Explanation:
As per the 2008-09 budget proposals, direct taxes accounted for 53.07% of gross tax revenue. This reflected the increasing contribution of direct taxes like income tax and corporate tax to India's tax base. The trend showed a gradual shift from indirect to direct taxation.