compensation taxation
This query is : Resolved
09 January 2010
one of my relative divorced with his husband and received claim of Rs. 30 lacs.
Tell how to treate this amount as a income or addition to capital directly?
Is there is any tax liability?
Tell how to treate this amount as a income or addition to capital directly?
Is there is any tax liability?
10 January 2010
Alimony is not an income asssuming its a one time receipt under a divorce settlement.
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