Tax treatment of one time divorce maintanance
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 July 2018
Sir I want to know what is the tax treatment of divorce alimony received from spouse. If it is by mutual consent divorce procedure and a lady gets rs. 10,00,000 for one time maintenance for life support. If it is capital receipt than where we show in itr 2. So she get tax exemption. And enjoy the Hassel free tax benefits. Please answer me.
Expert : Anonymous
Expert :
Anonymous
(Expert)
06 July 2018
As per my view.,
Yes... It's tax free amount.
No need / not mandatory to show it in ITR...
Even You will show the amount in Your ITR then show it under exempted Income...
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