Is Award Given By Government Exempt From Tax ?

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If the sport woman has won an international event in badminton, which has got her a lot of recognition worldwide, & endorsing her achievement Govt. of India has announced a cash reward of Rs 1 cr for her. Is this income taxfree or taxable?Please als0 mention the sections & circular if any.Shifa Hasanali, MumbaiNot all…

Tags: award Exemption government Income India tax Taxability taxable

The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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