The correct answer is: All of the above.
Property tax is a tax levied on the value of real property, such as land and buildings. Stamp duty is a tax levied on the transfer of property, such as land and buildings. Professional tax is a tax levied on the income of professionals, such as lawyers, doctors, and accountants.
All of these taxes are major sources of direct tax revenue for the Gujarat government. In 2020-21, property tax accounted for 22% of the state’s direct tax revenue, stamp duty accounted for 18%, and professional tax accounted for 14%.
Property tax is a major source of revenue for the government because it is a relatively easy tax to collect. The government can simply assess the value of a property and then levy a tax based on that value. Stamp duty is also a relatively easy tax to collect, as it is levied on the transfer of property. Professional tax is a bit more difficult to collect, as it is levied on the income of professionals. However, the government has been able to improve its collection of professional tax in recent years.
The government uses the revenue from these taxes to fund a variety of services, such as education, healthcare, and infrastructure. The government also uses the revenue to provide subsidies to businesses and individuals.