Consider the following important sources of tax revenue for

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M: +2.00/-0.50

Consider the following important sources of tax revenue for Central Government of India :

I. Union Excise Duties

II. Corporation Tax

III. Income Tax

IV. Service Tax

Which one of the following is the correct descending order in terms of gross tax revenue?

R.A.S./R.T.S (Pre) 2015

[Fiscal Policy, Inflation Planning and Banking]

II, IV, I, III

IV, I, II, III

I, II, IV, III

II, III, I, IV

...

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