Money received in divorce taxable?

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venkatramana k acharya (Querist)
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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?

Nitin Bhuta (Expert)
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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.

venkatramana k acharya (Querist)
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27 May 2014 thank u.... is there any limit for the amount???

Nitin Bhuta (Expert)
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27 May 2014 no limit at all it depends on the capacity of both the parties

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Rupesh Jain (Expert)
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28 May 2014 it is not taxable.

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