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Please Help: TAX LIABLITY

Posted Date : 15-Oct-2012 , 09:31:14 pm | Posted By: ROHIT SAMI

Category : Income Tax | Answers : 1| Comments : 1| Hits: 203

If a girl receives Rs 20,00,000 for the settlement of her divorce and no case is filed in court,does this amount to any tax liablity. If yes then under what head. Regards Rohit

Answers:
   Answer by: Anmol Goyal
In my opinion should be taxable under the head IOS
Comments
Posted By : Nikhil 18-Oct-2012, 10:52:33
yes the income is taxable under head Other sources..
 

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