rajesh behl
This Query has 1 replies

This Query has 1 replies

As we are aware, TDS@30% is applicable to all prize money won on the KBC game show u/s 194B(Old Act).

It may also be observed that every contestant appearing on the show is provided with certain complimentary gifts, such as Desi Ghee and a gold coin.

Out of general curiosity, I would like to know whether the show's producers are required to deduct TDS on the Ghee and gold coins given away for free as well, and if so, under which section...???

In my opinion (I may be wrong) Desi Ghee and gold coins may not fall within the category of "Winnings from Game show", since they are not awarded as a prize for winning the game but are provided to every contestant irrespective of the outcome.

I would appreciate clarification on the applicable TDS treatment of such complimentary gifts,


Suresh S. Tejwani
This Query has 1 replies

This Query has 1 replies

Applicability of Tax Audit u/s 44AB in case of Pvt ltd Company having Professional Receipts of ₹23 Lakh and Loss of ₹35 Lakh :
Whether the company is required to conduct a tax audit under Section 44AB of the Income-tax Act, 1961?
Does the business loss of ₹35 lakh, by itself, make the company liable for tax audit under Section 44AB?

If Section 44AB is not applicable, is the company required only to:
prepare and file its income-tax return (ITR-6); and
conduct its statutory audit under the Companies Act, 2013?


Shreeji Rawat
This Query has 1 replies

This Query has 1 replies

25 September 2026 at 15:54

TDS on TRUST

Where do Trust is classified in Individual, Company or HUF


Subhash Jain
This Query has 3 replies

This Query has 3 replies

24 September 2026 at 18:10

TDS 194-T applicability

whether TDS 194-T is applicable to small partnership firms also , who is not covered under Tax Audit criteria ?


Kunjan
This Query has 1 replies

This Query has 1 replies

assessee is partnership firm following wdv depreciation method. (same like income tax return)
there are 3 offices having wdv 35 lakhs.
one office is sold for 90 lakhs
closing wdv cant be negative in books,

my q--> should i make wdv nil in books also in bal sheet? inspite of 2 existing offices, how can bal sheet have no fixed asset?

my view--> prof loss will have book gain of 55 lakhs .
but how to show 2 offices in bal sheet ? the whole building block becomes nil in value..so cant show exisitng 2 offices also in bal sheet right?
little confused,
regards, ca kunjan, 9222 922 92


Rajkumar Gutti
This Query has 2 replies

This Query has 2 replies

22 September 2026 at 16:50

Fixe term employment

One employee appointed for one year as term employment service in company's account department as a Accountant on fix remuneration.
Controlling power is with company. As per social security code 2020 term employment is treated as contractual employee.
My Question -:
On fix term employment employee remuneration is tds applicable as professional service tds or tds on salary, or tds on contractor.
Kee point of -:
Controlling by company.
Fixed remuneration
Fixed hours
Supervision by company 's superior authority


Subhash suthar
This Query has 2 replies

This Query has 2 replies

Kya koi professional CA hai idhar jo mujhe bata sake ki 1 crore ki income ko kaise tax bhare abhi kisi ko hire nahi kar raha hu bas chating karni hai


Rahul Singh
This Query has 1 replies

This Query has 1 replies

Sir
AY 2025-26 Rectification filed on 24th April 2026 Received rectification order under section 154 on 13th May 2026 with demand which was paid immediately Now on 16th September 2026 same order which was processed with demand shows underprocess without my consent is it possible does the law gives power to CPC to do this kindly suggest


Manjunatha shetty M K
This Query has 1 replies

This Query has 1 replies

19 September 2026 at 15:37

Gift Received from nonblood relative

Dear Experts my friend is going to receive immovable property sale consideration value as per sub registrar is Rs.4800000/- (Stamp duty payable is around Rs.360000) here my query is my friend is included the stamp duty value or property value in his IT returns income from other sources. and what is the income tax applicability to the donor, Please clarify the same at the earliest. Thanks in advance.


Subhash suthar
This Query has 1 replies

This Query has 1 replies

17 September 2026 at 12:04

Experts need help

What proof or documents should I keep for my freelance income in the future so that I don’t receive any notice?






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