Hi,
If any Award is received by Employee from employer in Cash or Kind,will it be taxable or not
2 Replies
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 29 July 2010
Dear anil,
Taxable. anything received from employer by employee would be atxable under the head salaries unless it is covered by exemption sec 10. No such exemption is available for award received by employee from employer.
Regards,
Manoj
Recent Topics
- NRO Interest - Taxed at source and in Foreign Coun
- Clarity needed on effective date
- Income Tax Refund Deadline Shortened to Five Years
- Rectification Applications for Past GST Demands
- Where can I find a trusted provider to hire a skip
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
Related Threads
CAclubindia
