Sunday, March 25, 2018

No tax on lump sum amount received as permanent alimony

Q. I am an employee of a private company getting an annual package of Rs 7 lakh. So far, I had been using ITR-1 as tax was being deducted by the company. During financial year 2017-18, I got divorced and received Rs 10 lakh as lump sum permanent alimony before passing of the decree of divorce.

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