Alimony from Ex-Husband Tax Free !

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An interesting and a favourable judgment has been delivered by the ITAT , Mumbai by which person getting divorce settlement money or alimony after the divorce has been pronounced complete, will get tax exemption. Till this time , it was thought , once the divorce was complete , if the ex-husband gives any money or in kind to his ex-wife , such amount will be taxable as per section 56(2)(vii) . But , the judgment of ITAT , has given a new twist which is favourable to taxpayers.

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