I received a reward in a form of car which value is more than 10 lak then it will be taxable as per slab rate or 30% on reward income.
please suggest me
30% as gift are taxed @ 30%,
2 Replies
Akshat Bansal
(74 Points)
Replied 15 March 2018
30 % flat charged on reward income not any deduction allowed
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