banner_ad

Tds on lottery maruti car

This query is : Resolved 

26 December 2011 My query is TDS applicable u/s 194b @30% for wining from lottery and horse race, but if any poor person win a Maruti car from lottery but he is not capable to pay Rs. 90000/- as TDS for the car costing to Rs. 3,00,000/-, what will be treatment of TDS in this case ?? can anyone help me in this regard ? Is it mandatory to pay TDS in such cases ?

28 December 2011 My wishes are with such a poor person whi have won Rs. 300,000/-.

He have to Pay Rs. 90,000/-. me may think he have won lesser amount but to live in india he have to follow law of land.

however after paying such, he can earn back such income by filing income tax return and can avail benifit of minimum amount not chargeable to tax.

& beleive, he is not a poor person anymore.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query



Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details