The correct answer is: d) Stamp Duty & Registration Fees.
Stamp duty is a tax levied on the transfer of property, such as land or buildings. Registration fees are charged for the registration of documents, such as deeds and mortgages. Both stamp duty and registration fees are major sources of revenue for the state government of Manipur.
State excise duty is a tax levied on the manufacture, sale, or consumption of certain goods, such as alcohol and tobacco. Property tax is a tax levied on the value of real estate, such as land and buildings. Professional tax is a tax levied on the income of professionals, such as doctors, lawyers, and accountants.
Stamp duty and registration fees are major sources of revenue for the state government of Manipur because they are levied on a large number of transactions. Stamp duty is levied on all transfers of property, while registration fees are charged for all documents that are registered with the government. This means that both stamp duty and registration fees are collected on a regular basis, which provides a steady stream of revenue for the state government.
In addition, stamp duty and registration fees are relatively easy to collect. The government does not need to track the income of individuals or businesses in order to collect these taxes. Instead, the government simply collects the tax when a transaction is made. This makes it relatively easy for the government to collect stamp duty and registration fees, which contributes to their importance as a source of revenue.