Nature of Incentive from government scheme - Capital receipt or ...

Government Incentives Classified as Capital or Revenue Receipts Based on Purpose, Key for Taxation.

July 25, 2013

Case Laws Income Tax HC

Nature of Incentive from government scheme - Capital receipt or revenue receipt - The source of fund is quite immaterial. If the purpose is to help the assessee to set up its business or complete a project the monies must be treated as having been received for capital purposes - HC

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Nature of Incentive from government scheme - Capital receipt or ...

Government Incentives Classified as Capital or Revenue Receipts Based on Purpose, Key for Taxation.

July 25, 2013

Case Laws Income Tax HC

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