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sources of revenue in India

Sources of Revenue in India: Union and State Sources Explained

Introduction Revenue generation is the backbone of government functioning, enabling it to finance developmental activities, welfare schemes, defense, infrastructure, and administrative operations. The Indian Constitution provides a clear framework for revenue collection, ensuring financial autonomy for both the Union (Central) Government and State Governments. Revenue in India is broadly classified into tax revenue and non-tax…

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Indirect Taxes in India

Indirect Taxes in India: Meaning, Types, Features, and Detailed Explanation

Introduction Taxation is one of the most important pillars of any nation’s economy, as it provides the government with the financial resources necessary to run the administration, build infrastructure, provide public services, and maintain law and order. Broadly, taxes in India are categorized into Direct Taxes and Indirect Taxes. Indirect taxes have undergone a significant…

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