194B On Prize
This query is : Resolved
Quick Summary
Krishna Joshi
(Querist)
25 June 2024
A company has agreement with a TV channel that the company will give Rs 1 lakh to the winner of the dance show.
Is 194 B applicable. Please suggest.
Is 194 B applicable. Please suggest.
Dhirajlal Rambhia
(Expert)
25 June 2024
Yes, applicable.
Krishna Joshi
(Querist)
26 June 2024
Is entertainment tax applicable.
Dhirajlal Rambhia
(Expert)
26 June 2024
Depends upon the state levying the tax.
Dhirajlal Rambhia
(Expert)
29 August 2024
Good Luck.
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