Hi, I was the director shareholder of a company. My partners forged my signatures to resign directorship and snatch my shares. For which I filled civil/ criminal cases against him. Now I would be receiving Rs.50L for settling all that matter and withdrawl of the cases.
Will I need to pay tax for it. Is the amount comes under " Capital Receipt"?
Shyam Joshi & Associates
Pune
B.Com
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O P Bagla & Co LLP
New Delhi
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
