Write short notes on: 2. Revenue receipts

Write short notes on:
2. Revenue receipts

Answer: 

2. Revenue receipts are those receipts of the government which neither creates any liability nor any reduction in the assets of the government. These comprise of tax and non-tax receipts, duties and fines, interest and dividends receipts on government investments and assets. These receipts can be classified into the following two categories:

a. Tax revenue

b. Non-tax revenue

No comments: