Hi,
If any Award is received by Employee from employer in Cash or Kind,will it be taxable or not
Anil Singh kushwah (JOB) (80 Points)
29 July 2010Hi,
If any Award is received by Employee from employer in Cash or Kind,will it be taxable or not
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 29 July 2010
Dear anil,
Taxable. anything received from employer by employee would be atxable under the head salaries unless it is covered by exemption sec 10. No such exemption is available for award received by employee from employer.
Regards,
Manoj
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