1)what is the difference between section 28 (Profit and Gains from Bussines or Profession) And section 45 of (Captial Gains) ?
1) Section28 Any sum whether received (or) receivable in cash or kind, under an agreement for not carrying out any activity in relation to any business (or) not to share any Know-how,patent,copyright, trademark,licence,franchise (or) any other business (or) commerical right of similar nature (or) information (or) technique likely to assist in the manufacture (or) processing of goods (or) provision for service....
2) Section2(47) Transfer, in relation to a capital asset, includes sale, exchange (or) Relinquishment of the asset or the Extinguishment of any rights there in (or) the compulsory acquistion there of under any law....
2)what is the difference between Relinquishment and Extinguishment?
plz let me know
Thank you
Tanush
CAclubindia
