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
- RCM gst liability and return query
- Hash value error indicated whilst validating itr 2 online
- Allowability of itc on building materials etc for resorts
- HSN details in Table 12 for gstr1
- Profit transfer entry from one branch to head office branch
- RCM on affiliation fees paid to foreign educational institution
- E proceeding query u/s 143(2) for a.y. 24.25
- REQUEST FOR HELP IN TALLY THE BALANCE SHEET
- Non- payment of GST on supply of services- reg
- Accumulated surplus exceeding 15%
Trending Online Classes
CAclubindia
