capital receipts/revenue receipts

This query is : Resolved

jay arya......... (Querist)
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22 May 2011 hello friends

I have received 2 corers against property
settlement. I received 1.45 cr .in F Y 2010-11 & 60 lac in F.Y 2011-12

I relinquished my rights in the aforesaid property by virtue of my husband's will given to an outsider not part of the family

plz tell me how I should treat this amount, either as revenue receipts or capital receipts

thanks

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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22 May 2011 PLEASE SHARE FULL DETAILS ABT THE MANNER AND CIRCUMSTANCES IN WHICH U RELIQUISGED YR SHARE THEN ONLY A CONCUSION CAN BE DRAWN

CA MANOJ GUPTA
JODHPUR
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