Moneycontrol
YOU ARE HERE > Moneycontrol > Taxes > Glossary

Taxes

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

What are receipts? Are all receipts considered as income?

A receipt is your entire income before tax deductions. Not all receipts are considered as income. Basically, they are of two kinds:

1. Capital receipt: This is the income earned by selling the source or asset. For example, income earned from selling a property, gold, etc.

2. Revenue receipt: Income from source such as salary, interest accrued on deposits, rent from property is termed as revenue receipt.

OUR WINNING PICKS

DID YOU INVEST?

INTRADAY PICKS!

(June 22, 2017)

AT (Rs)



GAIN (Rs)

ALL TIME WINNERS

RECO PRICE

PEAK PRICE

OUR PACKAGES

Super Combo
2400

Powerful mix of both trader and investor packs with timely expert advice.

Technical
1429

Designed especially for traders looking to tap the profit opportunities of volatile markets.

Fundamental
1429

For all investors looking to unearth stocks that are poised to move.

Sections
Follow us on
Available On