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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 ?
Replies (3)
Quick Summary
One time lumpsum alimony is CAPITAL reciept, hence not taxable
50 percent share is recurring receipt hence taxable
50 percent share is recurring receipt hence taxable
Thank you very much sir
Provided it is a cash transfer & not TRF.of property
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