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Puraskar from social institute

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 July 2013 My Client won Puraskar Rs.1 Lakh. Is that income is taxable? And he is author,should I deduct his travelling expenses from his income?

Anil Sankar V

Anil Sankar V (Expert)
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15 July 2013 it is taxable.TDS has to be made.

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