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26 July 2010 my son was awarded Rs.200000 by way of cheque and rs.22000 twds usage of books for being atop rank scorer in emcet. how is it taxable and in whose hands is it taxable. Thanks in advance
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srinath

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srinath (Expert)
26 July 2010 wat is the age of ur son. if he is major it would be taxable only in his hands

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