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Deepak Chitnis (Chief Compliance Officer)     23 July 2015

Computation of self acquired assets and maintenance i

This question   is relating to the complutation/ distribution of assets acquired by married couple as well as maintenance payable.

" X  , husband and  Y wife  NRIs  have been living together  and both  are working earning salary in the ratio of X:Y  = 2:1. The house hold expenses are borne by X . The saving are invested in various assets like real estate , FD with    banks, MFunds , equities etc"  Couple has child girl of 15 years. In case of divorce 

1. the assets will be distributed in ratio of Income - expenses to be share by both spouses to arrive at investible funds or in the ratio of average earnings by each spouses?

2. If husband is retired and wife is woorking , is retired husband entitled to maintenance.?

3. If the couple has girl child who will take care of her education and marriage expenses  ?



Learning

 2 Replies

Nitin (marketting manager)     23 July 2015

Hello,

 Answers for all your queries will depend on what grounds did X and Y take divorce

once you give information about that then we will be able to solve your query.

Rgds,

Nitin

Deepak Chitnis (Chief Compliance Officer)     24 July 2015

X is a professional husband 10 years older than wife Y . Wife wants to seperate. since both are NRIs it may be difficult to find jobs for both of them back home when they return. Wife may have 10 working years .Grounds could be mutual consent. Will situation be different if it is some other grounds?


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