Is Divorce Settlement Amount or Alimony Taxable ?


Whether divorce settlement amount or alimony  received by the assessee under section 25 of the Hindu Marriage Act, 1955, on nullity of marriage, is income hands of divorcee  and liable to tax ? This is always a burning issue on the mind of all affected persons as the divorce settlement comes to final stage. The answer to the question about taxation of the divorce settlement depends on  whether the amount received is because of

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