Accountancy, asked by dpgurung3410, 1 year ago

Explain briefly two sources of revenue receipt

Answers

Answered by ashi97
4
Revenue receipts of the government are divided into two groups, namely,...
(i) tax revenue....
and
(ii) non-tax revenue....

Tax revenue consists of proceeds of taxes and other duties levied by the Union government such as income tax, corporate tax, excise duty, customs duty, service tax, etc.

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