Capital Reciept

is capital Reciept under PGBP is taxable.? if not then why?
Replies (3)
Quick Summary
This discussion explores whether capital receipts are taxable under the Profit and Gains from Business or Profession (PGBP) head. The general principle is that capital receipts are exempt from tax unless there's a specific provision to tax them. Participants are encouraged to be precise about the specific capital receipt in question, as the taxability can depend on its nature.

Capital receipts are exempt from taxation unless there is a specific provision to tax it
Be specific
which capital receipt you are particularly referring to ?
@ lokesh
do not use PGBP

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