One time alimony received at the time of divorce

pshasi (Querist) 21 June 2017 This query is : Resolved
Hi,

I wanted to know regarding the taxability of one time alimony received at the time of divorce.The alimony amount has been specified in the divorce deed of the court and proceedings have been completed.Whether the amount received as alimony is taxable in the hands of recipient ( i.e wife)?

Thanks

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Dr J C Vashista (Expert) 23 June 2017
1. How you are concerned?
2. Consult a Chartered Accountant or tax consultant.

Satish Mishra (Expert) 23 June 2017
No it won't be taxable. It is better you take this money through DD or Cheque. Later on any interest in this amount is taxable.

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