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Divorce Amount

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(Querist)
18 July 2017 settlement amount of 80 lakh received, What is tax treatment in the hand of receipent .
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 July 2017 Generally tax free...... case laws in support of this view are more than the case laws against the view.
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
18 July 2017 One time settlement is considered as capital receipt which is exempt from tax.
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