Question:medium
Statement 1: Income tax, GST, and Custom Duties are examples of Tax Revenues.
Statement 2: Excise and Forfeitures are also part of Tax Revenues.
Statement 1: Income tax, GST, and Custom Duties are examples of Tax Revenues.
Statement 2: Excise and Forfeitures are also part of Tax Revenues.
Statement 2: Excise and Forfeitures are also part of Tax Revenues.
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Tax revenues are critical for a government’s financial stability, including direct taxes like income tax and indirect taxes like GST, along with excise duties and forfeitures.
Updated On: Mar 31, 2026
- Both Statement 1 and 2 are true.
- Both Statement 1 and 2 are true, but Statement 2 is not the correct explanation of Statement 1.
- Statement 1 is true, but Statement 2 is false.
- Statement 1 is false, but Statement 2 is true.
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The Correct Option is A
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