Tax treatment of one time divorce maintanance

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

05 July 2018 Sir I want to know what is the tax treatment of divorce alimony received from spouse. If it is by mutual consent divorce procedure and a lady gets rs. 10,00,000 for one time maintenance for life support. If it is capital receipt than where we show in itr 2. So she get tax exemption. And enjoy the Hassel free tax benefits. Please answer me.

Expert : Anonymous

Expert : Anonymous (Expert)

06 July 2018 As per my view., Yes... It's tax free amount. No need / not mandatory to show it in ITR... Even You will show the amount in Your ITR then show it under exempted Income...