CA Day celebration 2024 Easy Office
LCI Learning

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?

10 January 2010 Alimony is not an income asssuming its a one time receipt under a divorce settlement.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query