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Kaun Banega Crorepati

TDS / TCS 4015 views 30 replies

Whether TDS liability is to be paid @ 30% u/s 194B on the prize money won by the contestants?

Replies (30)

i think yes.......

yess

bt m not sure

Yea It shoud be deducted at the rate of 30%

Originally posted by : Santhosh Poojary( San)...

Yea It shoud be deducted at the rate of 30%

YES IT IS 30%....LOTTERY INCLUDES GAMES OF CHANCE AND ANY GAMES THROUGH ELECTRONIC MEDIUM,....

LIKE KBC AND ALL THAT,...

K

Yes, TDS @ 30 % is deducted..........

ofcourse yes, winnings from any other games is also covered under the said section. however, the candidate should give the right answere of the first question. because first answere gives Rs. 5000 and for the said section, amount of winnings shall exceed Rs. 5000.

 

Thank u 

of course NO. how can a Qualified CA can say that. Read  the bear act proper & not any author books

a.s.w. halim,

i agree that no book says about winnings from KBC, but i think i am correct as the amount of winnings u/s 194B shall exceed Rs. 5000 in order to attract the provisions of TDS. 

 

In kBC, if the second answere is also correct then the amount of winnings comes to Rs. 10000. that means amount of winnings has crossed Rs. 5000 aur uske baad to TDS pakka lagega...

 

   

Halim can u clarify us

If you are a student and so far no liability for tax, how can you claim TDS refund (Suppose you don't have PAN)

Mr Azim is right

You all are related with athe profession of CA, so you should atleast know that where TDS is applicable.

"Muje Sharam aati hai jab koi kaheta hai ki KBC ke me jitne valo k TDS nahi kate jate."

Are kyun nahi katega kya KBC Govt. Show hai?

See the rules of the Section waha pe specifically likha hai ki TV shows me jitne walo ka Compulsary 30% Tax + 3% Cess katana hai.

Aur agar PAN nahi hoga to party claim nahi kar payegi Simple. Isme Itna bada Issue kyun hota hai?

The rate a which TDS is to be effected is 30% on the nature of gain brought out in th query . The Act does no provide for any leverage much less limit. as the cut off point


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