Is Award Given By Government Exempt From Tax ?

Print PDF

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…