News Topics

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 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?

Ask Question Create News