Question
Which of the following is an example of a non-tax revenue source for the government?
The correct answer is
Fees and fines
Non-tax revenue refers to income earned by the government from sources other than taxes. "Fees and fines" fall under non-tax revenue as they include penalties, service charges, and other administrative fees collected by the government. In contrast, value-added tax, corporate income tax, and personal income tax are all forms of tax revenue.
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Important Questions from Taxation
Which of the following is an example of a non-tax revenue source for the government?
Which of the following is an example of a non-tax revenue source for the government?
- The Tonnage Tax Scheme, seen in Union Budget 2025-26, is associated with taxing which sector?
- Which of the following is an indirect tax levied in India?
- In which year did the Government of India introduce Securities Transaction Tax (STT) to reduce the complexities involved in the taxation of securities transactions, promote fair trading, and prevent market manipulation?
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