Tds on footal tourmnet prize

This query is : Resolved

SUSHIL KUMAR MISHRA (Querist)
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08 July 2015 PAYMENT OF RS.2 LACS AS PRIZE OF FOOTBALL TOURNAMENT TO PERSONS THROUGH CHEQUE.
IS TDS DEDUCTABLE UNDER WHICH SECTION.

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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08 July 2015 If Prize is given to a person for winning a game show on basis of competence
and merit then, TDS will be applicable and will have to be deducted u/s 194B by the payer of prize

If Prize is given to a person for excelling in some competition or exam other than game show in electronic mode or TV Show, based on his inherent competence
and merit then, TDS will not be
applicable on the same.

Rupesh Jain

Rupesh Jain (Expert)
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08 July 2015 you have to deduct the tds u/s 194B........

CA John Abraham Austin ACA

CA John Abraham Austin ACA (Expert)
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08 July 2015 Why should you?

Please explain.

You have to first distinguish between merit based games and non-merit based ones.

Don't be a fool.
There are many case-laws against this proposition. Please refer those.

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