TAXABILITY OF COMPENSATION RECEIVED ON SALE OF FATHER S PROPERTY

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..... TAXABILITY OF COMPENSATION RECEIVED ON SALE OF FATHER S PROPERTY
Query (Issue) Started By: - MVK TAXAUDIT Dated:- 25-2-2020 Last Reply Date:- 6-7-2020 Income Tax
Got 1 Reply
Income Tax
Mr .....

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..... . A had sold a property to Mr. X. Later daughter of Mr. A files a case on Mr. X that even she was entitled for a share in father's property. Then Mr. X pays certain amount to daughter of Mr.A to t .....

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..... ake back the case ( off the court settlement ). ( Note : daughter is not party in the sale deed ) what will be the tax treatment for the amount received by daughter of Mr. A. Whether it is taxable un .....

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..... der the capital gain or income from other sources ? Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: In my opinion it is income from other sources.
Discussion Forum - Knowledge Sharing .....

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