Is monetary award received by Musician taxable? If yes, under what head?
Monetary award received by musician
CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)
19 June 2014
2 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 19 June 2014
It will be taxable under income from business/profession.
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