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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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.
1) Interest tax