Economics · Government Budget
Identify the true statement among the following.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Income Tax is an Indirect Tax
- 2Goods and Services Tax is a direct tax
- 3Fees and Fines collected by the government is a non-tax receipt✓
- 4Borrowings from the public is a revenue receipt
Correct answer
Fees and Fines collected by the government is a non-tax receipt
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