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Is one time settlement of 20 lac maintenance taxable income?

Querist : Anonymous (Querist) 27 November 2017 This query is : Resolved 
sir
I want to know answer of following queries:
1.settlement of 20 Lac maintenance is taxable income for not working wife and her 13 years old son?
2.can money be submit in lower court or handover to women directly?
3. can women and her son claim maintenance or part of property in future after one time settlement?
4.can wife take money in cash or DD?
5.lower court can settle all 498A,125, domestic violence case, divorce case.
Vijay Raj Mahajan (Expert) 27 November 2017
Permanent alimony and maintenance granted to wife in lump sum as final settlement amount for divorce and withdrawal of all other cases both criminal and civil, is not taxable income and she gets exempt from any taxable liabilities.
Money can be taken in the form of bank draft in her name and deposited in her bank account.
As the minor child maintenance is also included as full and final settlement this too will not be taxable income.
Child can claim share in the property of his father if the father died intestate without making a Will. However after the divorce the wife looses her right to claim any property of the husband after his death who doesn't remain her husband any more after their divorce.
R.Ramachandran (Expert) 28 November 2017
It is taxable. There is no provision in the Income Tax Act, for exemption.
Dr J C Vashista (Expert) 29 November 2017
No reply for an anonymous author.
How are you concerned?
Querist : Anonymous (Querist) 01 December 2017
Thanks sir.my name is Alok and this matter is about my sister.her husband mentally and physically tortured her.he expelled her and her 1 years old son 12 years ago.he illegally married another women and have 2 children.still he is living that women without divorce to my sister.i am living in delhi and my sister and my parents are living in hathras.my 72 years old and sister are fighting 498A, polygamy, 125 etc case from 12 years but it seems to find justice in India is very difficult.so now we are ready to compromise.
Kumar Doab (Expert) 02 December 2017
AQ..............so NO reply.............
Kumar Doab (Expert) 02 December 2017
Pls post with you ID and you can get many replies........
Kumar Doab (Expert) 02 December 2017
Same Query;

http://www.lawyersclubindia.com/experts/Permanent-alimony-of-20-lac-is-taxable-or-not--664066.asp


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