CA Dhaval Ganatra (CA) (185 Points)
21 March 2010hey frnds i jus got a cheque from a website that gives money for receiving sms.
i registered it through https://www.thefinancehome.spruz.com/earn-easy.htm
i jus want to knw under what head such income is chargable
and is TDS applicable to such income
CA Babit Khurana
(learning is my passion)
(338 Points)
Replied 21 March 2010
First of all you should give clear indiaction what type of income is this. If this is commission basis income then Tds @ 10% is applicable and taxable under saction 194G of income Tax Act. 1961
CAclubindia
