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Give Reasons Or Explain the Following Statement: Tax is a Major Source of Income to the Government. - Economics

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प्रश्न

Give reasons or explain the following statement:

 Tax is a major source of income to the government. 

उत्तर

 ​Income collected from taxes forms a main part of the government revenue or income as a tax is a legally compulsory monetary contribution to the government by different economic units, such as households, firms and other economic units. Taxes are imposed by the government on different activities like income, property, production, occupation etc.

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Meaning of Government Budget
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
2010-2011 (March)

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