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Let us know... The question of whether tax will have to be paid on the alimony received by the wife after divorce (Is Alimony In India Taxable) or not, creates a big confusion for many people.
Here’s what they said: Situation 1: Alimony received as one-time payment Kunal Savani, Partner, Cyril Amarchand Mangaldas says, “The Income Tax Act, 1961 does not include specific provisions ...
Periodic Alimony: Alimony received in regular installments (such as monthly or annually) is regarded as income and is taxable for the recipient under the category of 'Income from Other Sources.' ...
Periodic Alimony: Alimony received as regular, recurring payments (e.g., monthly or annually) is treated as income and is taxable for the recipient under the head 'Income from Other Sources.' For The ...