This discussion clarifies whether Tax Deducted at Source (TDS) is applicable on winnings from a lucky draw. The consensus is that TDS is indeed applicable at a rate of 30% plus a 4% cess, under Section 194B. The winner can subsequently claim this deducted TDS.
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