Taxes of the State Governments:The main sources of tax and non-tax returns are:
A) Land revenue, B) Taxes on the sale and purchase of goods apart from newspaper, C) Taxes on agricultural income,D) Taxes on land and building,E) Succession and estate duties in respect to agricultural land,F) Excise duty on narcotics and alcoholic liquors,G) Taxes on the entry of goods into a local region,H) Taxes on mineral rights,I) Taxes on the consumption of electricityJ) Taxes on vehicles, animals & boats,K) Taxes on goods and passengers passed by road and inland water ways,L) Court fees, Stamp duties, and registration,M) Entertainment tax,N) Taxes on advertisements other than those in the newspaper,O) Taxes on profession, trade, and employment,P) Income from forests and irrigation,Q) Funding from central government andR) Other incomes like income from registration and share in the income-tax, excise & estate duties and debt services, and loans & overdrafts.
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While examining the financial statements of a business, a number of checks might be performed on the financial statements to assist gain a feel for their reliability.
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