PART C: TAX MATTERS OF PRIZE BONDS (3)
Paying income tax won’t exempt required tax on claim of prize money.
Category: PART C: TAX MATTERS OF PRIZE BONDS
The submission of tax certificate to Tax authorities is required to ensure the legality of income.
Category: PART C: TAX MATTERS OF PRIZE BONDS
There is a tax price on prize money and not on principal amount; therefore the additional amount is usually not discouraging for the applicants.
Category: PART C: TAX MATTERS OF PRIZE BONDS