19. Which of the following is/are the part of Non-tax Revenue receipts?
1. Stamp printing
2. Long-term loans raised by the Government.
3. Fees, Penalties and Fines received by the Government.
4. Grants which the Governments receives.
Select the correct answer using the code given below:
19. Which of the following is/are the part of Non-tax Revenue receipts?
1. Stamp printing
2. Long-term loans raised by the Government.
3. Fees, Penalties and Fines received by the Government.
4. Grants which the Governments receives.
Select the correct answer using the code given below:
The correct option is C Only 1, 3 and 4
Taxes are the most important revenues receipts of the governments. However, some revenue receipts are non-tax revenues such as grants, on this basis, revenue receipts are of two types viz. Tax Revenue and Non-tax revenue.
Tax revenues are either from direct taxes or indirect taxes.
Non Tax Revenue Receipts are those revenue receipts which are not generated by taxing the public.
1. Money which the Government earns as “Dividends and profits” from its profit making public enterprises (PSUs).
2. Interest which the Government earns on the money lent by it to external or internal borrowers. Thus this revenue receipts may be in foreign currency as well as Indian Rupees.
3. The money which the government receives out of its fiscal services such as stamp printing, currency printing, medal printing etc
4. Money which the Government earns from its “General Services” such as power distribution, irrigation, banking services, insurance, and community services etc. which make the part of the Government business.
5. Money which the government accrues as fees, fines, penalties etc.
6. Grants the Government of India receives from the external sources. In case of the state Governments, it may be the internal grant from the central Government.
7. In recent times, spectrum auctions have been one of the major sources of non-tax revenues for the government. We note here, that despite it looks that spectrum amount should be a capital receipt, it is shown as a non-tax revenue receipt in budget documents as one time spectrum charges levied on telecom players
Taxes are the most important revenues receipts of the governments. However, some revenue receipts are non-tax revenues such as grants, on this basis, revenue receipts are of two types viz. Tax Revenue and Non-tax revenue.
Tax revenues are either from direct taxes or indirect taxes.
Non Tax Revenue Receipts are those revenue receipts which are not generated by taxing the public.
1. Money which the Government earns as “Dividends and profits” from its profit making public enterprises (PSUs).
2. Interest which the Government earns on the money lent by it to external or internal borrowers. Thus this revenue receipts may be in foreign currency as well as Indian Rupees.
3. The money which the government receives out of its fiscal services such as stamp printing, currency printing, medal printing etc
4. Money which the Government earns from its “General Services” such as power distribution, irrigation, banking services, insurance, and community services etc. which make the part of the Government business.
5. Money which the government accrues as fees, fines, penalties etc.
6. Grants the Government of India receives from the external sources. In case of the state Governments, it may be the internal grant from the central Government.
7. In recent times, spectrum auctions have been one of the major sources of non-tax revenues for the government. We note here, that despite it looks that spectrum amount should be a capital receipt, it is shown as a non-tax revenue receipt in budget documents as one time spectrum charges levied on telecom players
