Divorce lump sum rececievd in fy 17-18
This query is : Resolved
05 August 2018
My daughter has received Lump Sum from her Ex husband in FY 17-18 . Please advise
1) Which ITR to use to report this receipt
2) In which head this should be entered in ITR
3) I have been advised it is not taxable from what I have read in net.
Read more at: https://www.caclubindia.com/experts/ask_query.asp
1) Which ITR to use to report this receipt
2) In which head this should be entered in ITR
3) I have been advised it is not taxable from what I have read in net.
Read more at: https://www.caclubindia.com/experts/ask_query.asp
06 August 2018
where as lump sum amoount is received, it will be treated as capital receipt., hence not taxable. if monthly payments received being revenue receipt it should be taxable
No need to file ITR.
No need to file ITR.
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