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DIFFERENCE BETWEEN CAPITAL RECEIPTS AND REVENUE RECEIPTS

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Uma asked about 3 years ago

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

CAPITAL RECEIPTS--- receipts relating to fixed capital are capital receipts REVENUE RECEIPTS-- receipts relating to circulating capital are revenue receipts.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered about 3 years ago

CAPITAL RECEIPTS--- receipts relating to fixed capital are capital receipts REVENUE RECEIPTS-- receipts relating to circulating capital are revenue receipts. CAPITAL RECEIPTS---Compensation received for extinction of a profit earning source is a capital receipt. REVENUE RECEIPTS---Compensation received for loss of profits or earnings is a revenue receipt

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 lochan answered about 3 years ago

**CAPITAL RECEIPTS AND REVENUE RECEIPTS** CAPITAL RECEIPTS--- receipts relating to fixed capital are capital receipts REVENUE RECEIPTS-- receipts relating to circulating capital are revenue receipts. CAPITAL RECEIPTS---Compensation received for extinction of a profit earning source is a capital receipt. REVENUE RECEIPTS---Compensation received for loss of profits or earnings is a revenue receipt. CAPITAL RECEIPTS-- receipt in substitution of source of income is a capital receipt REVENUE RECEIPTS--Receipt in substitution of income is revenue receipt. CAPITAL RECEIPTS-- capital receipts are exempt from tax unless expressly taxable REVENUE RECEIPTS--Revenue receipts are taxable unless expressly exempt from tax. Thanks

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Data?1494421738 samkit kothari answered about 3 years ago

> `DIFFERENCE BETWEEN CAPITAL RECEIPTS AND REVENUE RECEIPTS`

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