Income tax
kashish arora (C.A INTERN) (28 Points)
26 February 2013kashish arora (C.A INTERN) (28 Points)
26 February 2013
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 26 February 2013
it would be taxable under the head PGBP. This is becuase he is getting this prize by applying his own skill & talent whihc relates to his profession.
Had he recd any prize from teh Govt of India such as Bharat Ratna, padma bhushan etc.. it would had been taxable as income from other sources.
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