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Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2011 sir/mam, How much of tax will be deducted on prizes won in game shows like Kaun Banega Crorepati, BigBoss.etc.?
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CA Parth Shah

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CA Parth Shah (Expert)
24 September 2011 They give prize amount to winners after deducting tax only. The same is deducted at 30%.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2011 Under which section this income taxed ?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 September 2011 Income is taxed under Income from other sources head.

TDS section -Sec.194B
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