Dear Freinds,
Award received from employer in Cash or kind is taxable or not?
Menu
Award from employer
Replies (11)
No doubt it is taxable as Salary.
anything above 5000 is taxable as is the case with gift cheque, travelver's cheque and all....
| Originally posted by : Sunshine... | ||
 |
anything above 5000 is taxable as is the case with gift cheque, travelver's cheque and all.... |
 |
AGREED
| Originally posted by : kaushal (taxbykk) | ||
|
|
If in cash treat it as bonus and tax it., If in kind treat as gift and claim exemption of Rs. 5000 and then tax it. |
|
Agree :)
Agree with kaushal sir
| Originally posted by : kaushal (taxbykk) | ||
|
|
If in cash treat it as bonus and tax it., If in kind treat as gift and claim exemption of Rs. 5000 and then tax it. |
|
AGREED.
| Originally posted by : kaushal (taxbykk) | ||
|
|
If in cash treat it as bonus and tax it., If in kind treat as gift and claim exemption of Rs. 5000 and then tax it. |
|
Award received from the employer is taxable if it is in cash and if it is in kind then exempt upto Rs.5000/-.
no doubt, it is taxable above Rs 5000
| Originally posted by : kaushal (taxbykk) | ||
|
|
If in cash treat it as bonus and tax it., If in kind treat as gift and claim exemption of Rs. 5000 and then tax it. |
|
what it mean "If in kind treat as gift and claim exemption of Rs. 5000 and then tax it"
Please explain in simple language
Recent Threads
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
- New form 139 as per Tax Act 2025
- In GST maintain invoices or bill in excel instead
- How to paid income tax in block return in itrb
- RCM Applicable for Man Power Supply (URD) to Regis
- Guidance Required for CA Final Group 2
- Income tax challan in block itrb
- CREDIT NOTE RECEIVED AGAINST REVERSAL OF ITC ON EA
Related Threads
CAclubindia
