What is the difference between the points fines and penalties and forfeitures under non tax revenue generated by the government

Dear student,

The difference between fines and penalties and forfeitures is that forfeitures are specific form of penalties that imposed by the court for non- compliance of orders or in case of non-fulfilment of contracts. On the other hand, fines and penalties are more generic in nature that may not necessarily imposed by the court but by any authorised government department. For example, the traffic department imposes a fine on breaking traffic rules. 

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