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Swapnil (.)     27 July 2021

Taxablity of alimony received

my client is receiving lump sum alimony of Rs.1.8 cr and monthly alimony of 50% of husband's pension after his retirement. whether it is taxable in income tax and sections to be reffered ?

 3 Replies

Mahesh Shah

Mahesh Shah   27 July 2021

One time lumpsum alimony is CAPITAL reciept, hence not taxable
50 percent share is recurring receipt hence taxable

Swapnil (.)     27 July 2021

Thank you very much sir
Mahesh Shah

Mahesh Shah   27 July 2021

Provided it is a cash transfer & not TRF.of property

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