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:

Option 1 -> Incorrect. Statement (A) is wrong as revenue receipts are not redeemable.

Option 2 -> Incorrect. Statement (A) is wrong as revenue receipts are not redeemable.

Option 3 -> Incorrect. Statement (A) is wrong as revenue receipts are not redeemable.

Option 4 -> Correct. Statements (B), (C), and (D) accurately describe revenue receipts.

Hence, Option 4: (B), (C) and (D) only -> Revenue receipts are regular/recurring receipts that do not create any liability or claim against the government (B is correct). Tax revenues from various taxes like income tax, GST, customs duty etc. form a major part of revenue receipts (C is correct). The budget estimates of revenue receipts incorporate the impact of tax proposals and changes announced in the Finance Bill (D is correct). However, statement (A) is incorrect because 'redeemable' receipts that create liabilities are Capital Receipts (like loans), not Revenue Receipts. Revenue receipts neither reduce assets nor create liabilities for the government -> correct