banner_ad

Taxation of prize from foreign co.

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
11 December 2014 Q: A BOY WON PRIZE OF USD 10000 ON 17/10/2014 FROM MICROSOFT DEVELOPER CONTEST FROM FOREIGN IN INDIAN RS SO THE TAXATION METHOD WILL BE WHAT?
HE IS ALSO A SALARIED PERSON (INDIAN RESIDENT)
WHAT WILL BE THE TAX RATE
PRIZE USD 10000 INDIAN RS 750000 CASH IN BANK
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
11 December 2014 what is the prize....................
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
12 December 2014 If he is resident, then his income will include in the income and also take the credited of tax deducted by company pls see DATT agreement.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details