My son won the Harvill Secker Young Translator's Prize of £1000 (translation of bengali short story in to english) in the 2018-19 financial year from United Kingdom. He received it in Rupees in india at his bank account. Will he have to pay Income Tax for it? How much? Please quote it rule. My son resides in india.
Menu
Prize money from foreign country
Replies (2)
if he is mimer no tax for tht bez he earn for his skill soo no tax for tht
He was 18 years old when he won the prize. How he will show the earning in itr form
Recent Topics :
- Nursing Home Taxability
- CA opted for Form 10IEA mistakenly - Demand raised
- Query on scenario related to FAST DS 2026
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
Related Topics :
CAclubindia
