Q. 14

State any two exa

Answer :

The government budget consists of:


Revenue receipts Consist of:


a. Tax Revenue that includes Direct tax (Income Tax/Corporate Tax etc) and indirect tax (GST/Service tax etc).


b. Non tax revenue that includes Interest/ payments/dividends from PSUs, Fees etc.


OR


Answer


Nontax Revenue Receipts.


Revenue receipts Consist of:


a. Tax Revenue that includes Direct tax ( Income Tax/Corporate Tax etc) and indirect tax (GST/Service tax etc).


b. Non tax revenue that includes Interest/ payments/dividends from PSUs, Fees etc.


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