Is TDS Applicable on Lucky Draw
This query is : Resolved
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03 December 2021
Dear sir
one of my customer got bike of 50000/- in lucky Draw ....
is TDS Applicable ??? in witch section ??? and can we claim that TDS ???
what if treat that lucky draw as Gift and is TDS Applicable on Gift please Suggest me sir
Thank in Advance
M Madhu
one of my customer got bike of 50000/- in lucky Draw ....
is TDS Applicable ??? in witch section ??? and can we claim that TDS ???
what if treat that lucky draw as Gift and is TDS Applicable on Gift please Suggest me sir
Thank in Advance
M Madhu
03 December 2021
TDS u/s 194B @30% + 4% cess
04 December 2021
Yes..you can claim the TDS
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