agreement to live apart
This query is : Resolved
16 March 2009
money received by a wife as a consideration to live apart ( divorce)is taxable in the hads of wife or not ?
16 March 2009
Nope.
But it should be as it is regarded as a valid consideration under Contract, which makes the contract enforceable. Further, such expenditure of husband should be allowed as deduction.
But it should be as it is regarded as a valid consideration under Contract, which makes the contract enforceable. Further, such expenditure of husband should be allowed as deduction.
17 March 2009
In my opinion is it shouldn't be.
Since it is the alimony which is paid.
There is no area for deduction of such kind of personal expenditure.
Since it is the alimony which is paid.
There is no area for deduction of such kind of personal expenditure.
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