Good Afternoon Members.
Please advise me on below case.
One of my client has received lump sum alimony, after divorce, in 2018-19. She is also earning salary and bank interest in 2018-19. Now alimony so received by her is a capital receipt and hence tax-free. Do we need to report this receipt in her ITR.
Thanks
N N V Satish & Co.,
Hyderabad
CA Inter
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Fytomax Nutrition Private Limited
Aurangabad
CA Inter
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ADY & CO.
New Delhi
Graduate (Any)
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CCI
Pro
CAclubindia
