Payment for Cancelled Agency Agreement Considered Capital Receipt, Not Income Source, for Assessee's Tax Treatment.

Payment for Cancelled Agency Agreement Considered Capital Receipt, Not Income Source, for Assessee's Tax Treatment. https://www.taxtmi.com/highlights?id=15103 Capital or Revenue receipt - Where by the cancellation of an agency source of the assessee's income, the payment made to compensate for cancellation of the agency agreement is normally a capital receipt - AT en-us Tue, 15 Oct 2013 12:41:58 +0530 Tue, 15 Oct 2013 12:41:58 +0530 TaxTMI RSS Generator Payment for Cancelled Agency Agreement Considered Capital Receipt, Not Income Source, for Assessee's Tax Treatment. https://www.taxtmi.com/highlights?id=15103 Capital or Revenue receipt - Where by the cancellation of an agency source of the assessee's income, the payment made to compensate for cancellation of the agency agreement is normally a capital receipt - AT Highlights Income Tax Tue, 15 Oct 2013 12:41:58 +0530 https://www.taxtmi.com/highlights?id=15103