Charging section pgbp
This query is : Resolved
Asawari Malhotra
(Querist)
17 June 2013
compensation for termination of contract in relation to management of affairs in a company received IN THE LAST YEAR OF THE CONTRACT.. i.e. at the end of this year the contract expires.. will the comensation still be a capital receipt (although I'm aware that this is not going to affect its taxability under pgbp).. but still wanted to know if this would be a capital receipt or not?
Ajay Mishra
(Expert)
03 October 2013
Hi
Please check what your contract says on it.
Please check what your contract says on it.
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