After divorce money compensation recd 4m groom is it taxable

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2012 Q: i get divorce from my husband..
and as per court order he gives me 10,00,000\= as compensation... this income is taxable or tax free. if taxable how much i had paid ????....

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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21 January 2012 yes, income from other sources.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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21 January 2012 Bombay High Court in Princess Maheshwari Devi of Pratapgarh v. Commissioner of Income-tax 147 ITR 258 (Bom) answered this question.

According to that court decision , monthly payments are taxable where as lump sum may be treated as capital receipt.

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