Hi All,
I need some info on the following situation.
Say you are in a legal battle with someone and
A) It goes to court and you win the case - how is this handled from an accounting view - Does SARS need to know about it and will it be taxed?
B) The other party decides to settle you out of court - how is this handled from an accounting view - Does SARS need to know about it and will it be taxed?
Any info would be welcome, Thanks!
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