Fund received frm settlement of a court case
This query is : Resolved
06 March 2012
Dear All
Please help me to know that an amount received by a female individual from a suit filed for Dowery is required to be declared in income tax return or not?
Please help me to know that an amount received by a female individual from a suit filed for Dowery is required to be declared in income tax return or not?
07 March 2012
The amount has to be capitalised. No tax is payable. If Balance sheet particulars are being furnished with the return, Balance in Capital Account will Automatically represent
the same. No Separate disclosure in return is possible.
the same. No Separate disclosure in return is possible.
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