Deduction of income tax
This query is : Resolved
03 March 2016
whether lump sum alimony amount received from husband in taxable in wife's hands
03 March 2016
Lump sum is tax free being a capital receipt in nature.
03 March 2016
thanks for your reply sir..if a query comes from IT dept towards source of income what will be best course of action
03 March 2016
Seems the decision in the given link will help you. http://taxguru.in/income-tax/lump-sum-amount-received-exhusband-alimony-taxable.html
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