querry

Dear Sunny

If the compensation give as per order of court then such compensation is deductible for the husband & taxble for wife

If it is not as per courts order & is just a mutual understanding between wife & husband then it is neither deductible for husband nor taxable for wife

In short as per law the Charge sholuld be created by law and not by mutual understanding then only it is deductible.

Dear Sunny,

The above amount of so called compensation cannot be said as Income of either wife or child...

Diversion by overidding title

Yup, though divorced,.... I think the said amount can't be termed as income for wife.... and husband can't claim deduction for the same....