Taxation of receipt
This query is : Resolved
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 )
22 February 2020
5 lacs taxable under income from other sources.
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