banner_ad

Cash Award received and TDS @10% deducted under 194R

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 April 2024 our company received 1cr from another company as cash award for best company and they have deducted 10% TDS on the prize money under 194R. How this need to be accounted in the books of accounts.? Whether invoice need to be raised for this? what is the GST applicability and under which head we need to show this revenue
Profile Image

Nikhil Kaushik

Profile Image

Nikhil Kaushik (Expert)
09 April 2024 please go through this article. It should resolve all your doubts: https://surl.li/skwau
Profile Image

Abhilash K

Profile Image

Abhilash K (Querist)
11 April 2024 What if there is no business relationship with the award sponsor?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
26 April 2026
Chartered Accountant

Source HR

Mumbai

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
ARTICLESHIP 24 April 2026
Article

Rohit Doshi And Associates

Pune

CA Foundation

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details