21 February 2020
Mr A sold property to Mr c and received certain amount as sale consideration. After the sale Ms D who is daughter of Mr A approached Mr c that even she needs her share in the property sale and Mr c settled her with Rs 5lacs as off the court settlement. Guide regarding taxability or not of Rs 5lakhs in the hands of MS D. ( Note in sale agreement she is not a party )
CAclubindia
