My Company is a online gaming company. So, we need to deduct TDS on the winnings amount exceeding Rs.10,000 u/s 194B. But the question is do we need to deduct TDS of the player according to per game basis or do we need to consider the limit of Rs.10000 aggregately irrespectively of the no. of games played. For e.g. Mr. A played a game conducted in April and won Rs.3000. Further he again played in September & Dec and won Rs.5000 & Rs.8000 respectively. Now do i need to deduct TDS in this case or not ??.
Please reply on this query .
My concern is no. of players play our game every day and keeping track of the aggregate amount of winnings earned by such no. of players will be a difficult task.

Hi all,

Our company is intending to pay award to one of our employee who has worked for 20 years.

Is the amount payable as award to employee for his length of service is Taxable?

If yes than under which head

Regards,
Ravi Konda

A person wanted home loan from bank.a person below taxable income(2.5 lacs).
Question:
A person it return filed compulsory.(it return without filed home loan eligible)

One of our client is a Private School he is paying Interest to NBFC for loan taken. Will TDS provision no applicable on it.

I have received intimation regarding short deduction on tds in salary form 24q. My question is that what payment amount I should take for that part of the tds as it is calculated on slab wise. kindly help on this matter.

Sir/Madam
Please provide guidance. A payment was made to party A in May 2020 on which TDS was not deducted. This mistake is identified and TDS pertaining to May has been deducted from Payment made to party A in November 2020. It's TDS is deposited in Dec 2020. TDS return of Q1,2 and 3 has been already submitted. But party A's details not been shown in any return. Now do I have to correct Quarter 1 TDS return to show the May 2020 payment and TDS thereon along with correct Q3 return to show November payment and TDS thereon. Or do I have to correct only Quarter 3 return showing date of 2 payment as May 2020 and Nov 20, date of deduction of both as Nov 20 and date of deposit of both as Dec 20. Please clarify this Thanks in advance.

I will receive variable pay in April 2021 for the services of March 2021. In which financial year Form-16 it will be reported and taxed?

I went to the Abu Dhabi office of my company ( Head office at Delhi ) in July 2019. I returned temporarily in Jan. 2021 and joined Delhi office. I spent 83 days in India in the FY 2020-21. Now, again I will be going back to Abudhabi office ( under same visa ) in June 2021 for a short period.

Will my trip to India in Jan.2021 be considered as a visit ?
The year of return in this case will be FY 2020-21 or FY 2021-22 ?
If so , my residential status for FY 2020-21 be considered as NRI ?

Lessor forfiting 50% of security deposit on account of early vacating premise taken on long lease.
Do i need to collect and deposit TDS on amount forfited?
If yes, under which section?
if no, what would be the argument in support of not collecting and depositing TDS?

Hi, I have proprietorship business (services). Is there any limit on Refreshments Expense? e.g. Food Items, Water, Food Delivery, etc.