which of these is NOT a part of capital receipt?

Correct option is D

The correct answer is (d) Tax.
Tax is not a part of capital receipt; it is considered a revenue receipt. Capital receipts are those that either create a liability or lead to a reduction in the assets of the government, whereas tax revenues are regular income for the government used to fund its expenditures.
Explanation:
· Disinvestment : It involves selling government stakes in public sector enterprises, leading to a reduction in government assets, hence a capital receipt.
· Borrowing : This creates a liability for the government and is considered a capital receipt.
· Recovery of Loan : It reduces the assets of the government as the money lent is returned, making it a capital receipt.
Information Booster:
· Revenue Receipts: Include taxes, interest, and dividends received by the government.
· Capital Receipts: Include borrowings, disinvestment, and recovery of loans that impact the government's asset and liability position.