Divorce Amount
This query is : Resolved
Amit Gahlawat
(Querist)
18 July 2017
settlement amount of 80 lakh received,
What is tax treatment in the hand of receipent
.
Amol S Joglekar
(Expert)
18 July 2017
Generally tax free...... case laws in support of this view are more than the case laws against the view.
KAVIRAJA ADDANGADI
(Expert)
18 July 2017
One time settlement is considered as capital receipt which is exempt from tax.
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