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Which is the major source of tax revenue for central government?
Citizens.
What is the main purpose of taxation?
The income obtained by the state through taxing is referred to as tax revenue. Tax revenue is included in the Receipt Budget, which is then included in the Union Budget's Annual Financial Statement. The application of the tax rate to a tax base yields tax revenue. Taxes are imposed in practically every nation on this planet, largely to raise income for government spending, but they also serve other functions. The income that governments collect through taxation is known as tax revenue. Tax collections, in general, provide such a revenue source to finance government outlays or principal activities.
Are sales taxes important to state income?
Yes, in states which have a sales tax, it is a very important source of revenue.
Tax treatment of deferred revenue expenditure?
What Did you mean by deferred revenue tax
Which tax contributes maximum in the Revenue collection?
Service tax may be one which collected more revenue
Largest single source of the government earning from the tax revenue?
earning tax
Which is the largest single source of the Indian government's tax revenue?
excise
Is the largest single source of revenue in Arizona transaction tax?
yes. it generates the most.
What is the largest single source of revenue for the federal government?
In the United States, it's Personal Income Tax.
What is the federal governments biggest single source of tax revenue?
The individual income tax is the government's biggest single source of tax revenue.
What is the largest source of revenue for states?
sales tax,property taxes and intergovernmental revenre
What is the largest source of revenue for the Indian government?
Indian government earns maximum revenue from corporation tax..
What is the largest source of Federal revenue in us?
Individual Income Tax <3
The federal government's biggest single source of revenue is from?
Individual income tax is the federal governments biggest source of revenue. It has been the biggest source of revenue since 1950.
What is the single most important source of revenue for state governments today?
Sales tax.
What is the most important source of local tax revenue?
One of the most important sources of local tax revenue is property taxes. Every home owner in a municipality has to pay property taxes every year. These taxes help fund things like police salaries and schools.
The largest source of federal revenue from taxes come from?
Individual income taxes account for the federal government's largest source of tax revenue. The other two main sources are payroll taxes and corporate income taxes.
