Taxes of the central government:
The main sources of tax and non-tax returns of the central government are as follows:
A. Taxes on income (i.e., other than on agricultural income),B. Corporate tax, C. Expenditure tax, D. Taxes on properties (i.e., Estate duties and Death duties), E. Gift tax,F. Wealth tax, G. Taxation on capital profits, H. Union excise duties, and I. Customs duties (i.e., Import and Export duties).The sources of non-tax returns of the central government comprise:
A) Fiscal services, B) Receipts from interest on loans, C) Dividend and profits, D) General and administrative services, E) Social and community services and F) Economic services.
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Terms Used In Cost Accounting - Cost Center is described as, 'a production or function, service, activity or item of equipment which costs might be attributed to cost units.
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