Taxable income is governed by the doctrine of constructive receipt or ability to pay.

Name: Taxable income is governed by the doctrine of constructive receipt or ability to pay.
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Taxable income is determined by the doctrine of constructive receipt or ability to pay, meaning that income is recognized when it is actually or constructively received by the taxpayer or when the taxpayer has the ability to pay tax on the income. This principle is fundamental to the taxation of income in most countries.

Taxable Income Is Governed by the Doctrine of Constructive Receipt