Tds on sports prize money
This query is : Resolved
H.S.S.RAGHAVENDRAN
(Querist)
23 February 2019
WE A CLUB CONDUCTED A TENNIS TOURNAMENT AND DEDUCTED TDS @10% ON PRIZE MONEY WHERE THE PRIZE MONEY EXCEEDED 10000.ARE WE DONE IT CORRECTLY?
Guest
Guest
(Expert)
23 February 2019
Just the TDS rate is 30%.
Message likes :
1 times
24 February 2019
* 10 % u/s/194J per CBDT notification 88/2008 dated 21-08-2008.
* Threshold is Rs.30,000/- per clause (B)(i) of 1st proviso to section 194J.
* Threshold is Rs.30,000/- per clause (B)(i) of 1st proviso to section 194J.
Message likes :
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Nilesh Gami
(Expert)
25 February 2019
if it relates to professional services, then 10% after threshold otherwise 30% TDS
Message likes :
1 times
H.S.S.RAGHAVENDRAN
(Querist)
25 February 2019
Thanks experts .....,
H.S.S.RAGHAVENDRAN
(Querist)
04 April 2022
A NEW FLAT BOOKED IN 2010 ALMOST READY TO TAKE POSSESSION IN 2022 MAR; IT IS A MODERATE FLAT ; PAYMENTS MADE IN STAGES OVER SEVERAL YEARS; HOW THIS FLAT SHALL BE TAXED BY THE BUILDER?
27 July 2025
https://docs.google.com/document/d/1fx6HLqEf7oUQFq08mA_uD8ZCBuoArXw762glt-b9DFc/edit?usp=sharing
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