Saved Bookmarks
| 1. |
Write short note on:Revenue receipts |
|
Answer» 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 |
|