Is all receives are income or all income are receives.and
which is the receive that is not income.
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Answer / anton
All receives are income i.e who have to pay money or money
worth ( B/R, B/P etc...) that all incomes in which suppose
to be fail to pay money or guarantee given instead of money
that is not income it is guarantee etc..
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Answer / rakesh verma
All the receives are not income it may be against old dues,
advances etc. and all the income are not receives also some
income like accrued interest is a income but would be
received later.
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