What is the income tax or gift tax applicable on the alimony which I get from my husband say if it is a million??
Asked on 3/13/14, 10:26 pm
1 Answer from Attorneys
anuradha Dixit +9312411481
dixitlawfirm
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.
Answered on 3/24/14, 9:00 am
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