Why no tds at kbc prize money
This query is : Resolved
15 September 2013
we all watch Mr.amitabh bachan in kbc writing cheques for wining candidates. My query is shouldnt tds@30% should be deducted from the prize money paid to contestants as such prize should come under income from lotteries,quiz shows etc???
15 September 2013
Such Income is liable to Tax as Income from other source...
30 percent TDS rate is applicable on such Prize Money..
Kaun Banega Crorepati winner Sushil Kumar received 3.5 crores after deduction of Rs. 1.5 croers as TDS.
30 percent TDS rate is applicable on such Prize Money..
Kaun Banega Crorepati winner Sushil Kumar received 3.5 crores after deduction of Rs. 1.5 croers as TDS.
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