If the income is derived from any source then it is called revenue receipt like salary from employment, rent from property, profits from business. If the income is earned on account of transacting like sale of land, building so on comes under capital receipts.
If the income is derived
ketan100 2 years 38 weeks 12 hours 40 min ago
If the income is derived from any source then it is called revenue receipt like salary from employment, rent from property, profits from business. If the income is earned on account of transacting like sale of land, building so on comes under capital receipts.