​ Are all receipts, i.e., capital and revenue receipts, charged to tax? - Tax India

Latest

BANNER 728X90

Saturday, February 10, 2018

​ Are all receipts, i.e., capital and revenue receipts, charged to tax?

​  Are all receipts, i.e., capital and revenue receipts, charged to tax?




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.​

No comments:

Post a Comment