Divorce compensation taxable or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2012
Good evening,
Any amount received by wife from her husband in cash as a compensation of getting divorce. The amount will be taxable or not?
if so then under which section of Income tax act it will be taxable.
Any amount received by wife from her husband in cash as a compensation of getting divorce. The amount will be taxable or not?
if so then under which section of Income tax act it will be taxable.
03 June 2012
It is not taxable.
.
It doesn't fall under any of the heads of Income.
.
It can't be said as "source of Income" neither it can be said as "windfall."
.
At least some "happy" moments for her after the divorce.
.
.
It doesn't fall under any of the heads of Income.
.
It can't be said as "source of Income" neither it can be said as "windfall."
.
At least some "happy" moments for her after the divorce.
.
Message likes :
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Querist : Anonymous
Querist :
Anonymous
(Querist)
03 June 2012
thank you sir.
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