Tds on sports prize money

This query is : Open

H.S.S.RAGHAVENDRAN

H.S.S.RAGHAVENDRAN (Querist)
Follow

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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

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.

Message likes : 2 times

Nilesh Gami

Nilesh Gami (Expert)
Follow

25 February 2019 if it relates to professional services, then 10% after threshold otherwise 30% TDS

Message likes : 1 times

H.S.S.RAGHAVENDRAN

H.S.S.RAGHAVENDRAN (Querist)
Follow

25 February 2019 Thanks experts .....,

H.S.S.RAGHAVENDRAN

H.S.S.RAGHAVENDRAN (Querist)
Follow

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?