Capital Receipt or Revenue Receipt under Income Tax

Here is the Free Study Material on Capital Receipt or Revenue Receipt under Income Tax

Capital Receipt 

No Income Tax on sales tax waiver as it is capital receipt : HC

No Tax on compensation/damage for settlement of dispute as is capital receipt : ITAT

carbon credit sale is capital receipt hence not taxable

Interest on fixed deposits is Capital receipt as FDR was linked with Setting up of Power Plant

Refund of Duty Drawback is Capital receipt if it was part of project cost:Delhi High Court

Interest received before commencement of business is capital receipt has to be set-off against pre operative expenses

Subsidy scheme incentive for Multiplex Theatre held as Capital receipts : Supreme Court

Subsidy for Setting Up / Expansion of Industry is tax-free Capital Receipt

Deposits collected from public by Sahara is Capital Receipt

Compensation for loss of source of Income is Capital Receipt

Income from project before commissioning are capital receipts : Supreme Court