Receipt of an award from B. D. Goenka Foundation for Excellence ...

Income Tax

April 7, 2015

Receipt of an award from B. D. Goenka Foundation for Excellence in Journalism - It being a payment of a personal nature, it should be treated as capital payment, being akin to or like a gift, which does not have any element of quid pro quo. The aforesaid prize money was paid to the assessee on a voluntary basis and was purely gratis - not taxable as income - HC

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Receipt of an award from B. D. Goenka Foundation for Excellence ...

Income Tax

April 7, 2015

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