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query about ITR

robinghosh (accountant) (180 Points)

16 May 2018

A divorcee bride will receive total 20lakhs from her Father-In-Law & Mother-In-Law's account by cheque, as gift for divorce(supported by gift deed). Is it exempted to her and how to show this 20lakhs in her ITR?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 16 May 2018

Any gift to Daughter in law (Not Divorcee) from FIL or MOL is tax exempt.......

Or any Lumpsum Alimony received at the time of divorce is tax-exempt under IT act......

So, make your stand clear during documantation, because any intermixing will create litigation.

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robinghosh (accountant) (180 Points)
Replied 16 May 2018

Thank you sir

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 17 May 2018

Welcome Dear....

Simone Owen (Praesentium unde sus) (22 Points)
Replied 03 April 2019

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