Sister getting one time settlement in divorce is it taxable? - FREE LEGAL ADVICE

quesSister getting one time settlement in divorce is it taxable?

Sister going through divorce and she will be getting one time settlement amount from her husband. Is that settlement amount taxable?

  • ansYes because there is no deduction regarding deduction in respect of divorce settlement money. However, if income of your sister is itself non taxable, i.e. below Rs. 2 Lakhs 50 thousand, then no question of tax arises.

    Advocate Tathagata Sarkar

      Barasat, Kolkata

  • File Mutual Consent Divorce @ Rs. 25,000/- only


    Know More
  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Divorce Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
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