Treatment of forfeited money
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2015
If any money forfeited for not finalization of any agreement then what treatment shall be made in the income tax while computing income tax for amount gainer or losser.
Basant Jajoo
(Expert)
22 July 2015
Capital Receipt for receiver and No Tax to be paid.
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