Which of the following is not a Non – tax Revenue ?
1) Interest tax
2) Dividends and profits
3) External grants
4) Interest receipts
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1) Interest tax
Revenue receipts means that do not create any liabilities to the govt.
It is of two types
1) Tax and 2)Non-tax revenue
Non-tax revenue:- Those revenue receipts that are not generated by taxing the public
e.g. Interest through loans.
The interest which the govt. earns on the money lent by it to the borrowers.