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Show me another »Wife getting 15.00 lacs as one time settlement/alimony/compensatio… will it attract income tax, and how much?
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Answerer 1
Yes, it is taxable. Please consult a good CA.Sign in to vote!
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Answerer 2
No alimony will be treated as a capital receipt and is not taxable. If she earns an income after investing it or lending it, she is liable to tax on the income generated.Sign in to vote!
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