Taxability
This query is : Resolved
23 March 2012
There were three brothers in a Hindu Family. on separation one brother has taken the shop and agreeed to pay rs. 7 lacs to remaing two brother. so my query is will that 7 lacs will be taxable in the hands of recepient.
23 March 2012
He shall require to draw a family will and such amount received by other brothers shall not be taxable.
23 March 2012
ya thanks a lot hari sir..
for the reply...
for the reply...
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