1.

Consider the following important sources of tax revenue for the Central Government :I. Corporation taxII. Taxes on income other than corporation taxIII. CustomsIV. Union excise dutiesWhich one of the following is the correct descending order in terms of gross tax revenue?

A. I-II-IV-III
B. I-II-III-IV
C. III-I-II-IV
D. II-III-I-IV
Answer» B. I-II-III-IV


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