Query

Sneha (Utmani) Tilwani (Audit/acounts/taxation head)   (93 Points)

23 February 2012  

Hello Members and Respected Seniors,

I need to know price money received by a sports person in Common wealth games is Taxable or not if yes then under which head. Further if an indian receives award outside india will it be taxable in india? i know its a very basic question but i have confusion. plz help...