Write short note on:Revenue receipts

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

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

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Write short note on:Revenue receipts

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