WebIndian government in order to promote the growth of industries provides assistance in various forms. Assistance is given in different forms like capital investment subsidy, production subsidy, cash assistance, export subsidy, duty drawback etc. For the sake of brevity, all forms of assistance are hereinafter referred to as the 'subsidy'. WebQ. Which of the following form a part of the capital receipts of the central government? 1. Recoveries of loans and advances. 2. GST receipts. 3. External grants. Select the correct answer using the codes given below.

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WebCapital expenditure is also classified as plan and non-plan in the budget documents. A plan capital expenditure, like its revenue equivalent, is associated with central plan and central assistance for state and union … WebApr 22, 2024 · Q. Differentiate between capital budget and revenue budget. (3 mark) BUDGET RECEIPT. Budget receipt refers to the estimated money receipt of the … brozzi snc

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WebMay 12, 2024 · A capital receipt, therefore, can be brought to tax under the inclusive definition of term ‘income’ as defined in Section 2(24) of the Act, only if it is expressly covered within the scope of the said definition. ... Therefore, mere receipt of government grant is not sufficient. Further, AS-12 provide for postponement of government grant ... WebLetter Ruling 201003005 concludes that (1) nonreimbursable payments from the government to a corporate taxpayer to construct a plant are nonshareholder contributions to the capital of the taxpayer under Sec. 118(a) and are excluded from the taxpayer’s gross income under Sec. 61, and (2) the basis of the plant’s capital assets acquired by the … WebCapital receipts refer to the funds or resources that a government, organization, or individual receives from sources representing increased capital or net worth. These … brozzini\u0027s pizza