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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Taxation on amount received on family settlement - accrual of ...

Case Laws     Income Tax

October 26, 2015

Taxation on amount received on family settlement - accrual of income - entire property was in existence at the time of partition in which concerned family members were having their interest/shares, therefore, it was clearly a family settlement. Therefore, the family arrangement is not taxable - AT

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