Answer the following question What are the source of non-tax revenue?

Answer the following question

What are the source of non-tax revenue?

The following are some of the main sources of non-tax revenue:

i. Fees and license fee - The government receives fees in return of various services provided to the people. For example - college fees, passport fees, registration fees etc.

ii. Gifts and grants - Gifts, grants and donations received by the government in the event of a natural calamity, war etc. also form a source of revenue for the government.

iii. Fines and penalties - Fines and penalties are imposed by the government on those who boycott law.

iv. Escheat - It refers to the income from a property of a person who dies without legal heirs.

v. Income from public enterprises - Income and profits from various enterprises owned by the government such as railways, SAIL etc. form an important source of revenue for the government.

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