Alumni query

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13 Points Posted on 07 June 2023
If someone received alumni. Is it tax exempted. And do we need to file tax in the normal way as we do for salaried person.

or we are required to do something else.
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On 07 June 2023 at 20:12 Report
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Quick Summary
This discussion clarifies that alimony payments, not alumni donations, are the subject of the query. Alimony received is generally considered a capital receipt and should be declared under Schedule EI 'others' in your tax return. While the receipt itself might be exempt from tax, you still need to file your Income Tax Return (ITR) in the normal way, declaring the alimony received.

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SEO Sai Gr. Hosp.
212511 Points Posted on 08 June 2023

What is the amount received?

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On 08 June 2023 at 12:32
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13 Points Posted on 08 June 2023
Some 25 lac
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On 08 June 2023 at 13:11
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SEO Sai Gr. Hosp.
212511 Points Posted on 08 June 2023

From whom you received it?

Its purpose? whether received it from university for higher education? 

Any amount of TDS deducted over it?

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On 08 June 2023 at 14:25
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13 Points Posted on 08 June 2023
Sorry my bad Alimony not alumni
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On 08 June 2023 at 14:28
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SEO Sai Gr. Hosp.
212511 Points Posted on 08 June 2023
Originally posted by : Shivanshu Gupta
Sorry my bad Alimony not alumni

crying  surprise  broken heart

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On 08 June 2023 at 15:40
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SEO Sai Gr. Hosp.
212511 Points Posted on 08 June 2023

File ITR normal way with declaration of exempt ALIMONY received in single stroke.

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On 08 June 2023 at 15:42
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SEO Sai Gr. Hosp.
212511 Points Posted on 11 June 2023
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On 11 June 2023 at 18:52
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13 Points Posted on 15 July 2023
Under which section I need to show
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On 15 July 2023 at 18:00
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SEO Sai Gr. Hosp.
212511 Points Posted on 15 July 2023

Declare it under Schedule EI 'others'..  as capital receipt.

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On 15 July 2023 at 22:32

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