
lex-o-pedia
What is the significance of differentiating between Capital and Revenue Receipts in Taxation?
Differentiating capital and revenue receipts is vital in taxation to determine tax liability. While revenue receipts from regular operations are taxable, capital receipts, often from non-recurring sources like asset sales or loans, are generally exempt unless specified.

lex-o-pedia
What is the significance of differentiating between Capital and Revenue Receipts in Taxation?
Differentiating capital and revenue receipts is vital in taxation to determine tax liability. While revenue receipts from regular operations are taxable, capital receipts, often from non-recurring sources like asset sales or loans, are generally exempt unless specified.