Question

As projected in the Union Budget which of the following is considered Non Tax Revenue of the Government of India?

A Dividends and profits Correct Answer Incorrect Answer
B Income tax Correct Answer Incorrect Answer
C Custom duty Correct Answer Incorrect Answer
D Corporate tax Correct Answer Incorrect Answer
E Service tax Correct Answer Incorrect Answer

Solution

The revenue receipts include both tax revenue (like income tax, excise duty) and non-tax revenue (like interest receipts, profits). Capital Budget consists of capital receipts {like borrowing, disinvestment) and long period capital expenditure (creation of assets, investment). 

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