Payment made to divorcee spouse to live separate deductible
This query is : Resolved
CA MANISH BINDAL
(Querist)
12 January 2016
Dear Sir,
A payment made by one spouse to other in case of divorce is eligible deduction under income tax act. I have checked on internet which shows that if payment is made periodically by an order of court then it will be deductible. But I did'nt find out under which head it can be claimed as deduction. my client is a business men. And if such payment is not by an order of court and a lumpsum amount, can it be claimed as expenses. Please advice me.
A payment made by one spouse to other in case of divorce is eligible deduction under income tax act. I have checked on internet which shows that if payment is made periodically by an order of court then it will be deductible. But I did'nt find out under which head it can be claimed as deduction. my client is a business men. And if such payment is not by an order of court and a lumpsum amount, can it be claimed as expenses. Please advice me.
Guest
Guest
(Expert)
12 January 2016
I am afraid payment towards maintenance / compensation in relation to divorce is personal expenditure and not deductible.
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