prize on selection

Querist : Anonymous (Querist) 06 May 2015 This query is : Resolved
I am selected in a good govt job.
I have taken coaching from delhi,
my rank is good and now in a ceremony coaching wants to honour me and cash prize.

Now the doubt is that

1.Is there any leagl problem accepting prize as I had sudied in that coaching and really a lot credit of my success goes to it ,coaching dont ask me any favor in return.
2. Should i give tax at this prize and what will be the tax rate.

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Dr J C Vashista (Expert) 07 May 2015
No reply for anonymous author.

Advocate Bhartesh goyal (Expert) 07 May 2015
Anonymous query.No reply.

Sudhir Kumar, Advocate (Expert) 07 May 2015
vague query

have you joined or not.

Rajendra K Goyal (Expert) 07 May 2015
No reply to anonymous query.

malipeddi jaggarao (Expert) 08 May 2015
anonymous and hypothetical query.

Guest (Expert) 08 May 2015
Vague academic query. Wrong classification of your query under civil law also confirms this fact.

If it is real, you nay ask your employer about the problem or check the provisions of conduct and discipline rules, as prescribed by your Government for its employees.

T. Kalaiselvan, Advocate Online

(Expert) 08 May 2015
Now being employed, you have to follow certain norms and etiquette so that such public shows do not hamper your employment or career.

Sudhir Kumar, Advocate (Expert) 09 May 2015
you have not stated whether you have joined or not.

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