Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

query about ITR

robinghosh (accountant) (180 Points)

16 May 2018

A divorcee bride will receive total 20lakhs from her Father-In-Law & Mother-In-Law's account by cheque, as gift for divorce(supported by gift deed). Is it exempted to her and how to show this 20lakhs in her ITR?

Reply
Follow
Share

4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160886 Points)
Replied 16 May 2018

Any gift to Daughter in law (Not Divorcee) from FIL or MOL is tax exempt.......

Or any Lumpsum Alimony received at the time of divorce is tax-exempt under IT act......

So, make your stand clear during documantation, because any intermixing will create litigation.

1 Like

robinghosh (accountant) (180 Points)
Replied 16 May 2018

Thank you sir

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160886 Points)
Replied 17 May 2018

Welcome Dear....

Simone Owen (Praesentium unde sus) (22 Points)
Replied 03 April 2019

New query of the novel and document is marked for the removal of the errors for the people. The chain of the event and college paper writing service reviews is charged for the use of the documents. The tendency is enclosed for the motives for the candidates.