hi. just wanted to know a few things. am undergoing divorce proceedings and in the interim, the court has ordered maintenance allowance to be paid to me by my husband @ Rs 15000 per month and 4 lacs as child support payment. I am investing both these in FD etc. The 4 lacs will be in the childs name. what i want to know is that wheteher these will be taxable income. if yes, is there a provision that the parent who earns more pays the tax. Please advice.
Asked on 1/16/13, 10:10 pm
1 Answer from Attorneys
Rajiv Chandhok Ph: +919810050896
https://www.linkedin.com/in/rajiv-chandok-0827b733/
No, but the interest will be taxable if crosses the exemption limit
Answered on 1/24/13, 7:02 am
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