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Direct taxes: gift taxes, income tax, wealth tax.
These are known as direct taxes because the burden of taxes is not shifted from the payer to the bearer.

Indirect taxes: sales tax, excise duties, custom duties.
In this, the burden is shifted to the bearer.

Capital receipts: government borrowings from world bank, from public, recovery of loans.
They cause the reduction in the government assets and also create liability for the government.

Revenue receipts: receipts from direct taxes, from indirect taxes, from the government.
They neither creates any liability nor any reduction in the assets of the government.

Revenue deficit: revenue expenditure – revenue receipts

Fiscal deficit: budget expenditure – budget receipts.