Which statement is not correct about revenue receipts of Government?
1
Revenue collected from disinvestment PSUs is a part of Revenue Receipts.
2
Revenue consists of proceeds of taxes and other duties levied by the Union government.
3
Government earns revenues from taxes on sales of goods is part of Revenue receipts.
4
Income from sources other than taxes is called non-tax revenue receipts of Government.
5
None of these.