Is cash gift received by the sports person from Govt of India taxable??? If it's exempt, under which section it is exempt???
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Exemption for sportpersons
Replies (5)
No, the Cash Gift is fully taxable.It is not exempt under any section
Yes...I also think that Cash Gift received is taxable......
Hi,
Just see if it can be covered by sec 10(17A)
Else income from PGBP or IFOS.. u have to examine the case... it will normally be PGBP cos of the professional connection...
Hey.... Cash gift is taxable yer.......
i will go with ORE
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