When a receipt is determined as Capital Receipt or Revenue receipt.

Related MCQs

• Which of the following is not a capital receipt?
• What is the date on which Fair Market Value of capital assets acquired is determined?
• Receipt of amount on maturity of LIC Policy is.............................
• Residential status is determined for......................
• The value of Interest free concessional loans to employees is determined on the basis of lending rates of ..................... for the same purpose.
• Capital expenditure on scientific research which cannot be absorbed on account of insufficiency of profit in any accounting year can be carried forward for.....................
• Salary paid by an employer out of capital will be................
• Which of the following is not a capital expense?
• Interest on capital paid by the firm to its partners is allowed up to ...................
• The income tax rate on long term capital gains for an individual is .................................