Unwind Book excerpts: Loophole Games: There are a myriad ways to trick the taxman Updated : May 31, 2019 04:55 PM IST In 2014, the Supreme Court held that the termination amount under a work referral agreement with Deloitte Haskins & Sells is a capital receipt and hence not taxable. The principle that all capital receipts are exempt except otherwise stated is prone to misuse; it is easy to pass off one-time remuneration as capital receipt. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.