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.

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
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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.
.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

03 June 2012 thank you sir.

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