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Divorce compensation taxable or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2012 Good evening,
Any amount received by wife from her husband in cash as a compensation of getting divorce. The amount will be taxable or not?
if so then under which section of Income tax act it will be taxable.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
03 June 2012 It is not taxable.
.
It doesn't fall under any of the heads of Income.
.
It can't be said as "source of Income" neither it can be said as "windfall."
.
At least some "happy" moments for her after the divorce.
.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 June 2012 thank you sir.
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