Money received in divorce taxable?
This query is : Resolved
27 May 2014
any compensation received by divorce women by her former husband is it taxable? if taxable what is the tax rate at which it is taxable?
27 May 2014
it is not taxable as amount is received in view of court decree and it is payable pursuant to live separately between two persons.
27 May 2014
thank u.... is there any limit for the amount???
27 May 2014
no limit at all it depends on the capacity of both the parties
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28 May 2014
it is not taxable.
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