Divorce Law: Income tax has to be paid on money received from partner after divorce? Know what the rule is
Under the Hindu Marriage Act, the court can grant permanent maintenance to the wife for her life after divorce. In most cases, the wife receives the allowance and the husband pays it. In some cases, the court may rule to the contrary and ask the wife to pay maintenance for the husband's livelihood after the divorce.
The news of veteran cricketer Hardik Pandya and his wife Natasha's divorce has become a topic of discussion these days. Although the news of Hardik and Natasha's divorce has not been officially confirmed, such divorce cases also become subject to income tax. People often ask whether the money received in divorce will also have to be taxed. If yes how much is taxed on it?
The news is claiming that veteran cricketer Hardik Pandya and his wife Natasha have decided to divorce and Hardik's wife Natasha has also demanded 70 percent share of the property in return for the divorce. Before this, Shoaib and Sania's divorce was also discussed. However, we will tell you about what is the legal rule regarding divorce.
What is sustenance?
Before knowing whether the divorce settlement is taxable or not, it is important to understand what alimony is. The amount given by the husband for maintenance to the wife after divorce is called alimony or alimony.
The news of veteran cricketer Hardik Pandya and his wife Natasha's divorce has become a topic of discussion these days. Although the news of Hardik and Natasha's divorce has not been officially confirmed, such divorce cases also become subject to income tax. People often ask whether the money received in divorce will also have to be taxed. If yes how much is taxed on it?
The news is claiming that veteran cricketer Hardik Pandya and his wife Natasha have decided to divorce and Hardik's wife Natasha has also demanded 70 percent share of the property in return for the divorce. Before this, Shoaib and Sania's divorce was also discussed. However, we will tell you about what is the legal rule regarding divorce.
What is sustenance?
Before knowing whether the divorce settlement is taxable or not, it is important to understand what alimony is. The amount given by the husband for maintenance to the wife after divorce is called alimony or alimony.
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