REVENUE
Functionalities Planning Revenue
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The Revenue Department has gone online with the ambition of providing general information to the public to increase their general awareness in Public. This is the Key Department where Total Financial transactions will be evaluated,which is key factor for Economic Development of the state.

What Is REVENUE ??? How is it coming !!!

Revenue means Income from Taxes, both direct and indirect and other source of similiar nature.

Sources of Revenue

(i) is income from taxes,both direct and indirect and other source of similiar nature. The special characteristic of this source of revenue lies in the fact that the tax-payers are bound to pay them under the law.Thus,there is an element of compulsion in thier operation;

(ii)Income from services rendered or goods supplied by the Government to the public. for instance, revenue from public sector undertakings in different spheres, including public utilities like electricity undertakings,water works, road tax,consumptionitems, rationed food products etc.

(iii)Sources if income partly compulsory and partly voluntary like income from public enterprises using monopoly power to raise their prices above the competitive level, or betterment levy and other special assessments.This source also covers income from the expenditure. The issue of new currency brings about inflation in the economy,raising prices for which consumers have to pay more than the competitive prices.

Functionalities Top

The main motive of the Government is General welfare or to promote sectors of the economy. inkeeping with the National policyofeconomic development. Quite often, they do not except direct revenue. Even when they run public projects of a no-profit no-loss basis. When Government spends money to support theeconomy and to promote business prosperity,the increment to national income thus generated does not directly cometo the Government. However,the Government has the power to levy direct and indirect taxes and duties to save its own economy from deficits.


Planning Top

Planning means what ever we are doing for that some strategy must be there. then only we get good results.like that we should make good planning.there is a planning authority that is empowered to plan for the whole country and for the entire economy. There must be like that the revenue and expenditure must be same there should not be more expenditure and less revenue. then the deficit with take plce other way if more revenue and less expenditure means at will adverse the economy in opposite way.so we should see that there should be balance.


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