Income tax for out of court settlement
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2015
If there is an out of court settlement between a company and its ex-employees with respect to a stock options related litigation, will the settlement paid by the company be taxable as income or exempted as capital receipts?
09 February 2015
Any income from settlement between ex-employees and company will be revenue.
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