Among the following, which features are correct with regard to Revenue receipts.

(A) Receipts that are redeemable.
(B) Recurring receipts that do not lead to a claim on the government.
(C) Receipts from different taxes.
(D) Receipts that take into account the effects of tax proposals made in the finance bill.

Choose the correct answer from the options given below:

(B), (C) and (D) only

The correct answer is Option (4) → (B), (C) and (D) only

• (A) Receipts that are redeemable. Incorrect. Revenue receipts are non-redeemable. They do not create a liability for the government that has to be repaid in the future (like a loan, which is a Capital Receipt).

• (B) Recurring receipts that do not lead to a claim on the government. Correct. Revenue receipts (like taxes and non-tax revenues) are regular, recurring, and are not accompanied by any liability of repayment or a reduction in government assets. They are the government's current income.

• (C) Receipts from different taxes. Correct. Tax Revenue (Direct and Indirect Taxes) is the largest and most important component of Revenue Receipts.

• (D) Receipts that take into account the effects of tax proposals made in the finance bill. Correct. The budget (which includes the Revenue Receipts estimate) is presented after incorporating the effect of the tax changes proposed in the Finance Bill for the upcoming financial year. The Revenue Budget is projected based on the existing tax structure plus the expected changes from the new Finance Bill proposals.