Difference
This query is : Resolved
14 March 2008
sir What is the difference between Revenue and income
14 March 2008
revenue may be generated from ordinary or non-ordinary type of transaction whereas income means which occurs during the course of normal business
14 March 2008
WHAT IS GENERATED FROM NORMAL BUSINESS OPERATIOS IS INCOME.
WHERE AS REVENUE INCLUDES ANY GENERATION OF MONEY FROM NORMAL OR OTHER SOURCES OF NON BUSINESS OPERATIONS ALOSO.
FOR example. SALES FROM MANUFACTURING OPERATIONS IS BUSINESS INCOME WHERE AS INT. ON F.D, SALE OF WASTE OR SCRAP,INCOME FROM SPECULATION ETC.. ARE NON BUSINESS INCOME BUT ARE PART OF TOTAL REVENUE GENERATED.
R.V.RAO
WHERE AS REVENUE INCLUDES ANY GENERATION OF MONEY FROM NORMAL OR OTHER SOURCES OF NON BUSINESS OPERATIONS ALOSO.
FOR example. SALES FROM MANUFACTURING OPERATIONS IS BUSINESS INCOME WHERE AS INT. ON F.D, SALE OF WASTE OR SCRAP,INCOME FROM SPECULATION ETC.. ARE NON BUSINESS INCOME BUT ARE PART OF TOTAL REVENUE GENERATED.
R.V.RAO
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- FEMA regulation Act. for inward remitance
- Grand in aid
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
