my company is deducting Rs. 35K per month from my salary as per order by high court to give my wife (divorced case) from September 12 on wards. Company received a notice from High Court. My queries are:-
1. is it liable to show in any financial report of the company's book?
2. can i claim the income tax rebate on this?
Also please guide me on if any problem on companies.

From India, Ghaziabad
I don't think you can claim tax exemption for the monthly alimony given to your ex-wife. However, the monthly alimony received will be treated as revenue receipts and taxable at the hands of the receipient.
Pon

From India, Lucknow
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