Open Challenge..Solve If You Can..Its Easy

Mayank Kothari (CA) (919 Points)

12 June 2011  

Cosider the  Following case:

Mr. X came First time to India on 11th April 2011 for three months. Just to enjoy his vacation.

In between that he heard that there is draw on Kingsfisher Products. He buy that product and fortunately after one month winners name were declared and  Mr. X won the first Prize 

He got One Car amounting to Rs. 520000 and cash prize of Rs. 200000

According to the terms of the game Kingfisher can recover any taxes to be payable by winner from the cash prizes to be given to the winner only.

Now Determine the amount of TDS to be deposited by Kingfisher to the Government?