Payout of alimony & income tax concession

Krishnan lakshminarayanan (Querist) 29 July 2013 This query is : Resolved
Dear Sir,

I would like to have your expert advice as to the subject of alimony and its tax implication. The person who is paying out the alimony in lump sum to his wife at the time of receiving the decree from the family court, is he entitled to have benefits as per the present income tax rules? In short,is the amount paid out as alimony in lump sum is
deductable from the taxable amount. Request your views on this at the earliest.

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