Economics · Sources of Revenue for Centre
According to the economic classification of tax structures, tax revenues are broadly categorized based on which of the following sets of sources?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Progressive levies, Regressive charges, and Proportional duties
- 2State levied taxes, Central shared taxes, and Local authority cesses
- 3Taxes on income & expenditure, taxes on property & capital transactions, and taxes on commodities & services✓
- 4Internal taxes, External taxes, and International trade levies
Correct answer
Taxes on income & expenditure, taxes on property & capital transactions, and taxes on commodities & services
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