Dear experts is monthly payment of permanent alimony under sec 25 hma deductible from taxable gross of husband?
Regards ASHISH
ashishvidyarthi (engineer) 13 September 2013
Dear experts is monthly payment of permanent alimony under sec 25 hma deductible from taxable gross of husband?
Regards ASHISH
Advocate Kappil Cchandna (Expert Bail & Criminal Defence Lawyer at Delhi Supreme Court of India) 14 September 2013
Dear ,
There is no tax deduction in case of personnal expenses.
Regards
Kapil Chandna
9911218741
Vallabh Parmar (Advocate) 14 September 2013
if alimony is paid as per court's order out of your salary income then there is diversion of income from source it self ,then that portion is not taxable in your hand ..
ashishvidyarthi (engineer) 14 September 2013
Originally posted by : Vallabh Parmar | ||
if alimony is paid as per court's order out of your salary income then there is diversion of income from source it self ,then that portion is not taxable in your hand .. |
Vallabh sir do you mean to say that if alimony is deducted from my salary by employer and deposited in wife's account by court order than it is not taxable in my hand and if I receive full salary and pay on my own to wife as per court order on sec25 hma then its taxable
in my hand? kindly clarify.
Regards ASHISH
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 18 September 2013
monthly alimony received by a divorcee from an estranged spouse will remain taxable, while a one-time alimony payment will be a capital receipt and won't be taxable.
Ms.Nirmala P.Rao (CEO) 18 September 2013
Dear Client,
As per the Bombay High Court decision in Princess Maheshwari Devi vs. Commissioner of Income Tax: Any lumpsum amount of alimony received by an estranged wife is in the nature of a cap[ital receipt and hence not taxable. Whereas periodical monthly payments of alimony received by her are treated as revenue receipts and form part of her income and hence taxable as per IT Act 1961.
Ms.Nirmala P.Rao
Legal Expert
ashishvidyarthi (engineer) 28 September 2013
Thanks to all the experts.
My question was whether monthly alimony paid by husband is deductible from taxable gross of husband?
I am clear that it will be taxed in the hands of wife recieving monthly alimony but what about husband's tax liability?
regards
Ashish
Ms.Nirmala P.Rao (CEO) 28 September 2013
Dear Client,
Yest! husband can claim deduction for this alimony amount payed to his estranged wife under Income
Tax Act 1961 in his tax return whether TDS or otherwise.I mean -it is an allowed deductio0n
Ms.Nirmala P.Rao
Legal Expert
ashishvidyarthi (engineer) 28 September 2013
Thanks Nirmala mam finally I got the answer I was looking for
Regards Ashish