Question

Which of the following is considered non-tax revenue of the Govt of India as projected in the Union Budget?

• A. Income Tax
• B. Custom Duty
• C. Service Tax
• D. Dividends and Profits

Answer 1

The correct option is D Dividends and Profits

Dividends and profits are considered as non-tax revenue of the Government of India since it is obtained from the sources other than the tax-revenue sources. Union government or central government considers dividends and profits as non-tax revenue.