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