Poonawalla fincorp
Poonawalla fincorp

Taxability of compensation on account of divorce

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(Querist)
22 September 2014 Ms. X is receiving compensation of Rs. 50 lakhs on account of divorce by the order of court from his husband. Whether this amount is taxable in the hands of Ms. X?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
22 September 2014 no. it is a capital receipt.........
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
24 September 2014 it is not taxable as its not income as per definition of income u/s2(24) and therfore its capital reciept
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