https://www.taxtmi.com/forum/issue?id=120217 Tax liability on a foreign hackathon prize depends on the recipient's residential status. The applicable provisions of the Income-tax Act cannot be identified without first determining the number of days stayed in India during the relevant financial year. Once residential status is established, the relevant taxing provisions can be ascertained for the prize money received in an Indian bank account from a foreign payer. en-us Wed, 09 Jul 2025 09:52:53 +0530 Sat, 09 May 2026 18:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120217 Tax liability on a foreign hackathon prize depends on the recipient's residential status. The applicable provisions of the Income-tax Act cannot be identified without first determining the number of days stayed in India during the relevant financial year. Once residential status is established, the relevant taxing provisions can be ascertained for the prize money received in an Indian bank account from a foreign payer. Discussion-Forum Income Tax Wed, 09 Jul 2025 09:52:53 +0530 https://www.taxtmi.com/forum/issue?id=120217