Taxablity of alimony received

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47 Points Posted on 27 July 2021
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 ?
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On 27 July 2021 at 14:35 Report
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This discussion clarifies the taxability of alimony received in India. A lump sum alimony payment is generally considered a capital receipt and is therefore not taxable. However, monthly alimony payments, especially those linked to a spouse's pension, are treated as recurring receipts and are subject to income tax.

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2478 Points Posted on 27 July 2021
One time lumpsum alimony is CAPITAL reciept, hence not taxable
50 percent share is recurring receipt hence taxable
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On 27 July 2021 at 15:11
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47 Points Posted on 27 July 2021
Thank you very much sir
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On 27 July 2021 at 15:13
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2478 Points Posted on 27 July 2021
Provided it is a cash transfer & not TRF.of property
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On 27 July 2021 at 15:49

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