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rohit (www)     23 January 2023

Amount received from opponent in property disputes through court/mediation settlement is taxable?

Hello Respected Sirs/Ma'am,

I have an inherited long legal battle with our tenant over immovable property. Now, it is sent to mediation centre by civil court to find possibility of settlement. I am interested to take money and leave this property through settlement. below are some queries:

  1. My question is that money received through this process will be taxable in any kind ?
  2. what are the modes through which mode i can take money ? Cash is allowed as per law ?
  3. Can I take DD in the name of my wife ? but she is not a registered party in this case

kindly help pls.


 1 Replies

Shashi Dhara   23 January 2023

Take money in cash don't mention amount submit joint memo as suit is settled out and to dismiss petition.

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