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Please explain Revenue Receipts and Capital Rec...

Please explain Revenue Receipts and Capital Receipts? Which receipt is taxable?

Please explain Revenue Receipts and Capital Receipts? Which receipt is taxable?

0
Chiranjibi Chapagain Jun. 27, 2018

The general rule under the Income-tax Law is that all revenue receipts are taxable, unless they are specifically granted exemption from tax and all capital receipts are exempt from tax, unless there is a specific provision for taxing them.​


Please explain Revenue Receipts and Capital Receipts? Which receipt is taxable?

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