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Capital Reciept

Lokesh Agrawal (10 Points)

26 January 2020

is capital Reciept under PGBP is taxable.? if not then why?

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3 Replies

Ashiwini Ballodia (Managing Partner at TAXounting) (8727 Points)
Replied 26 January 2020

Capital receipts are exempt from taxation unless there is a specific provision to tax it

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Kapadia Pravin (17254 Points)
Replied 26 January 2020

Be specific
which capital receipt you are particularly referring to ?

sabyasachi mukherjee (27107 Points)
Replied 27 January 2020

@ lokesh
do not use PGBP

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