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Is amount received on divorce taxable ?

This query is : Resolved 
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(Querist)
15 October 2018
Hi Friends,

Can any one let me know, whether the amount received on Divorce (Marriage Settlement) Taxable ?

Best Regards,
Nagaraju
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 October 2018 In a Mumbai High Court ruling, it was held that monthly alimony, being a regular and periodic return from a decree, constitutes taxable income. In contrast, a lump-sum alimony is tax-free.
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