Lump sum amount received one time from ex-husband as alimony is taxable or not
and how to mention it in income tax return
Abhinay rai (Tax Expert) (48 Points)
01 September 2017Lump sum amount received one time from ex-husband as alimony is taxable or not
and how to mention it in income tax return
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183759 Points)
Replied 01 September 2017
Not taxable.........
Can report it under schedule 'EI'
Abhinay rai
(Tax Expert)
(48 Points)
Replied 01 September 2017
Dear Sir,
thank you for valuable reply
i need some more information
ITR -1 is applicable for the assessee , its nessessry to show compansation amount in itr or not , and any supporting documents will be uploaded or not
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(183759 Points)
Replied 01 September 2017
Same ITR 1 would be applicable........ I repeat, to declare the income under Exempted income.
No need to upload any document, but keep ready a copy of court decree for submission in case of any query....
Poltu Ghosh
(Job)
(1865 Points)
Replied 02 September 2017