Lump sum alimony from ex-hubby not taxable, declares i-t tri

Lump sum alimony from ex-hubby not taxable, declares I-T tribunal

Mumbai: Marriages are made in heaven, but a divorce happens on earth and with it comes the inevitable question of alimony and its tax implications. In a recent decision the Delhi Income-tax Appellate Tribunal (ITAT) has held that a lump sum payment received from a former husband, against relinquishment of monthly maintenance is a capital receipt and is not taxable.
The case relates to a Delhi-based woman, who had received a lump sum of $99,000 from her ex-husband based in the United States, but had not shown the amount in her tax declaration. Based on the current rate of exchange this sum translates to approximately Rs 60 lakh.

- See more at: https://www.lawweb.in/2013/06/lump-sum-alimony-from-ex-hubby-not.html