capital receipts/revenue receipts
This query is : Resolved
jay arya.........
(Querist)
22 May 2011
hello friends
I have received 2 corers against property
settlement. I received 1.45 cr .in F Y 2010-11 & 60 lac in F.Y 2011-12
I relinquished my rights in the aforesaid property by virtue of my husband's will given to an outsider not part of the family
plz tell me how I should treat this amount, either as revenue receipts or capital receipts
thanks
I have received 2 corers against property
settlement. I received 1.45 cr .in F Y 2010-11 & 60 lac in F.Y 2011-12
I relinquished my rights in the aforesaid property by virtue of my husband's will given to an outsider not part of the family
plz tell me how I should treat this amount, either as revenue receipts or capital receipts
thanks
CA MANOJ GUPTA
(Expert)
22 May 2011
PLEASE SHARE FULL DETAILS ABT THE MANNER AND CIRCUMSTANCES IN WHICH U RELIQUISGED YR SHARE THEN ONLY A CONCUSION CAN BE DRAWN
CA MANOJ GUPTA
JODHPUR
09828510543
CA MANOJ GUPTA
JODHPUR
09828510543
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