Testability of Prize won in KBC
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 October 2010
At what rate and under which section TDS will be deducted from prize won in KBC.
if a person won Rs. 25 Lakhs who dont have any other income, how much tax is payable by him?
if a person won Rs. 25 Lakhs who dont have any other income, how much tax is payable by him?
25 October 2010
TDS @ 30% u/s 194B
Income is chargable u/s 115BB under other sources w/o BE
Income is chargable u/s 115BB under other sources w/o BE
25 October 2010
The rate of tax deduction would be 30% and tax payable would also be flat 30% on the entire income. No benefit of slab avialable on such income.
25 October 2010
Agreed with above expert.
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