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Is TDS Applicable on Lucky Draw

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Madhu M (Querist)
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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

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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03 December 2021 TDS u/s 194B @30% + 4% cess

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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04 December 2021 Yes..you can claim the TDS

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