| 1. |
Give a brief accounts on non- tax re venue ? |
|
Answer» Fees Fees is the reward collected for the governments services. License fee, registration fee, tuition fee, etc. are the examples. Fine and penalties :- Fines and penalties are punishments for violating the laws. Grants:- Grants are the financial aid provided by one government to another. For example grants are provided by central and state goveminent to local self Governments. Interest:- Interest is the amount received for the loans provided by the government to various enterprises, agencies and countries. Profit:- Profit is the income received from the enterprises operated by the government. For example profit from the Indian railways. |
|