An employee has received an award of Rs.100,000 from Department of Excellence in Science.
Is this amount of Rs.100,000 taxable in the hands of the employee?
Shrilakshmi Raj (CA) (81 Points)
15 July 2009An employee has received an award of Rs.100,000 from Department of Excellence in Science.
Is this amount of Rs.100,000 taxable in the hands of the employee?
Shrilakshmi Raj
(CA)
(81 Points)
Replied 15 July 2009
Thanks.
But this is received from "THE INDIAN SCIENCE CONGRESS ASSOCIATION"
Still is taxable in the receiver's hands?
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