https://www.taxtmi.com/circulars?id=56599 A prior circular exempting awards to non professional sportsmen as gifts is overridden by statutory amendments that render gifts taxable; accordingly that circular is inapplicable from the date of the legal change. Awards or rewards specifically approved by the Central Government remain eligible for exemption, and eligible recipients may claim exemption only for awards covered by such government approvals. en-us Mon, 20 Jan 2014 00:00:00 +0530 Fri, 05 Jan 2018 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=56599 A prior circular exempting awards to non professional sportsmen as gifts is overridden by statutory amendments that render gifts taxable; accordingly that circular is inapplicable from the date of the legal change. Awards or rewards specifically approved by the Central Government remain eligible for exemption, and eligible recipients may claim exemption only for awards covered by such government approvals. Circulars Income Tax Mon, 20 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=56599