General Knowledge - Indian Economy - Discussion
Discussion Forum : Indian Economy - Indian Economy (Q.No. 35)
35.
Revenue of the state governments are raised from the following sources, except
Discussion:
16 comments Page 1 of 2.
Dnyanu male said:
9 years ago
Expenditure tax completely abolished in 1986 how it will give revenue to state I think expenditure tax is the right answer. Because the state government allowed to take the tax on age but the government didn't get revenue from it but our legislation gave right to stat to levied agree on tax and ern income from it.
So currently there is no provision of expenditure tax this abolished in 1986. So right answer is expenditure tax.
So currently there is no provision of expenditure tax this abolished in 1986. So right answer is expenditure tax.
Vinod Thakur said:
1 decade ago
In India agriculture is not considered as commercial activity, it is considered as activity of subsistence from hundreds of years. Other areas such as entertainment, expenditure, and land revenue can be seen as business activities for purpose of profit making. This is the main reason for being exclusion of agricultural revenue out side taxation.
Deepthy said:
1 decade ago
I've learned in the subject income tax that even though agricultural income earned and received in India is exempted, it have to be calculated, and when the assessee's income is below the tax slab, he is tax free then agri. Income is added back to the income of the assessee for tax calculation. I don't know what is actually doing.
Kunal Malhotra said:
1 decade ago
According to Income Tax Act the powers to levied tax on agriculture income having in hands of State government instead of central government. But in our country no tax is levied on agriculture income due to promoting its main income of country and to reduce tax burden from the Indian farmer.
Pinky said:
9 years ago
Hi, Please read the question carefully.
Except agriculture, other options are a source for govt to raise the revenue.
Except agriculture, other options are a source for govt to raise the revenue.
PRABHU said:
1 decade ago
How we can surely say that agriculture is the answer why don't "entertainment" a suitable answer for is question.
Dnyaneshwar male said:
1 decade ago
I think D is right answer because in India agriculture is free sector it is not taxable.
Pardeep Kaur said:
8 years ago
I think land revenue is the source for state revenue or maybe entertainment tax.
Vijaykumar Reddy Potharam said:
8 months ago
Expenditure tax is also raised by the state governments. Am I right?
Nehalshah said:
1 decade ago
There is no tax on agricultural income, so d answer is right.
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