Menu
Taxablity of alimony received
my client is receiving lump sum alimony of Rs.1.8 cr and monthly alimony of 50% of husband's pension after his retirement. whether it is taxable in income tax and sections to be reffered ?
Replies (3)
One time lumpsum alimony is CAPITAL reciept, hence not taxable
50 percent share is recurring receipt hence taxable
50 percent share is recurring receipt hence taxable
Thank you very much sir
Provided it is a cash transfer & not TRF.of property
Recent Threads
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
Related Threads
CAclubindia
