Is monetary award received by Musician taxable? If yes, under what head?
Monetary award received by musician
CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)
19 June 2014
CA J.Alamelu lakshmi (Chartered Accountant) (852 Points)
19 June 2014Is monetary award received by Musician taxable? If yes, under what head?
Mihir
(Wealth Manager)
(5293 Points)
Replied 19 June 2014
It will be taxable under income from business/profession.
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