Do I need to show alimony in ITR

It is advisable to disclose it in ITR. Have you filed the ITR before?

Dear Ma'am,

Hope you are doing well 

Yes, you are right. It is not taxable.

However, it is advisable to show the same in exempt income head in ITR.

It is not mandatory.

It is mandatory because there is separate schedule EI. If you will skip then might be you will receive compliance notice for which you need to reply online only.

Sorry for my previous answer.

Yes,even though you are not required to pay any tax on exempt incomes, you have to report them in your income tax return. All the incomes are to be reported in 'Exempt Income (For reporting purpose).

If it's received as a lump sum amount i.e. one time amount it won't be taxable. It is just a capital receipt.

However if any query is asked you need to share details with the officer.

Hope you find the information helpful if you do please rate it 5 and provide your valuable feedback for my improvement.

Thank you

Hi

Receipt of lumpsum alimony is not taxable.

You are required to show such receipt under Exempt Income in ITR.

However, if you are not required to file income tax returns at all, then you are not required to file ITR because of this receipt.

If you are required to file ITR, you must show the amount of receipt as Exempt income.

Hello,

Yes, you need to show alimony in ITR under the exempt income head.

Hello,

Lumpsum alimony is exempt from income tax.

If you are required to file the return, it would be advisable to disclose it under exempt income to avoid any notice requiring clarification from the department.

I hope this answer satisfies your requirement.

Regards,

CA Hunny Badlani

It is mandatory to disclose exempt income.

The Income-tax law does not have any provisions on alimony.  One time payments received on divorse can be treated as capital receipts and hence not taxable. This has been held by various courts. 

Now a days, the tax return forms are made so cumbersome that exempt income needs specific disclosure. Hence, you are required to ideally disclose this amount.  If you don’t disclose, just inform this fact to the Tax office by way of a letter, in case you receive a notice. 

Any amount received lump sum as alimony is a capital receipt and hence not a taxable income. 

However, disclosure of the same is imperative in the schedule of Exempt Income. 

But if you are not required to file income tax return ( if you do not have other sources of income or if you are under the basic exemption limit) then there is no need to disclose the same because there is no need to file income tax return.

If you assume disclosing as an issue, a letter to the income tax department would suffice just in case if you receive a notice. 

Hope this satisfies your requirement.

Hi

Yes its not mandatory to declare it in your return,It can be skipped.

Hope it helps