Tax Deduction at Source on Lucky Draw.
This query is : Resolved
Piyush Jain
(Querist)
11 June 2009
Please clearify that is TDS applicable on the following transaction..
Our Company has arranged for a Lucky Draw for the selected customers who have achieved the targeted turnover and in lucky draw prize is Car.The lucky draw is not open to all the customers, it is for selected customers only.
Our Company has arranged for a Lucky Draw for the selected customers who have achieved the targeted turnover and in lucky draw prize is Car.The lucky draw is not open to all the customers, it is for selected customers only.
CA.BHARAT BHUSHAN
(Expert)
11 June 2009
TDS rate is 30%+surcharge (if applicable)+Education cess
11 June 2009
section 194B will be applicable and rate is 30%+sc+ec+shec
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