Taxation on winning from tv quiz show like kbc
This query is : Resolved
10 October 2011
Dear All,
Can any one tell me if someone won prize in TV Quiz show like KBC then how he will calculate tax libility?
Ex. If Mr. A won 15,00,000/- (Fifteen Lac Only) in a TV Quiz show. How much tax he has to pay to government?
Can any one tell me if someone won prize in TV Quiz show like KBC then how he will calculate tax libility?
Ex. If Mr. A won 15,00,000/- (Fifteen Lac Only) in a TV Quiz show. How much tax he has to pay to government?
10 October 2011
The inference of income is unavoidable. To be taxed under section 115BB.
10 October 2011
TAX WILL BE CHARGED AT A FLAT RATE OF 30 PC PLUS CESS
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- Long Term Service award taxability in hands of company
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
