Which of the following is are part of Non Tax Revenue Receipts 1 Dividends paid by PSUs to governmen...........

Economic Affairs Tax System

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Which of the following is/are part of Non Tax Revenue Receipts?

1. Dividends paid by PSUs to government.

2. License fee received by government.

3. Disinvestment of shares of PSUs.

Select the correct answer using the code

given below.

2 only

1 and 3 only

1 and 2 only

1, 2 and 3

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Explanation:

Current receipts are those sources of inflow of money which do not create any liability of repayment on government. Non Tax revenue is part of Current receipts. All the receipts under "Current receipts" which are not from taxes are called "Non-Tax Revenue".

Statement 1 is correct as Dividends paid by PSUs does not create any liability of repayment and is not from Taxes. Hence it is part of Non-Tax Revenue.
Statement 2 is correct as License fee received by the government is for government to keep without any liability and is not from Taxes and hence it is part of Non-Tax revenue.
Statement 3 is incorrect. Proceeds from Disinvestment would decrease the asset of government and hence it will be part of Capital receipt.