BUDGET

November 28, 2014  |  By  | 


• Reveue Receipts are those which neither increase the governments liabilies nor decrease its assets. • Revenue Receipts are of two kinds-Tax and Non-Tax • Capital Receipts are those receipts which either increase the government’s liabilies or decrease its assets. • They include-Borrowings,Repayment of loans,Disinvestment.

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