Receipt On Account Of A Debt

Receipts are if two types -

Capital receipts and

Revenue receipts

Revenue receipts are those that are received due to operations. In case of government revenue receipts are from taxes, fees, penalties, duties, rent, permission charges etc.

Capital receipts are of two types -

Non returnable - Sale of land, building, disinvestment in PSUs thru sale of shares, surplus of postal department, railways

Returnable - Any increase in liability (government borrowings) due to

market borrowing within country

external foreign currency loans,

Deposit received from public in small savings, Provident Funds, Deposit in other accounts. These are debt receipts which the government needs to repay along with interest.

Legal Process Outsourcing This Document

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