My wife is asking big amount for settlement on mutually agreed basis. In addition she says that I have to be responsible for tax. I consulted a CA and as per him this being compnesation is not taxed either at my end as payer or at her end as receiver. I am not worried about my end since I have already paid tax but if I have to repay tax on her behalf, it is big extra. Could forum through some light on the matter.
Also once we file the mutually agreed settlement, I understand that it will be minimum 6 months required to obtain the order. is there any procedure which can exepdite the matter.
