yes at 30%.
Shyamal Mistry
(Final Student)
(282 Points)
Replied 16 October 2010
Upto Rs. 5000 no TDS n above Rs. 5000 TDS @ 30 %
CA Abdul Halim Siddiqui
(Partner)
(481 Points)
Replied 16 October 2010
believe me .. i am not joking . tds provisions will not be applicable. there are reasons however i would not like to disclose them since they are my Discovery..
Raj Kr
(CA Final student )
(200 Points)
Replied 16 October 2010
yes it will be taxed under other sources income-30% tax should be deducted from the income earned.
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8310 Points)
Replied 16 October 2010
| Originally posted by : Sneha..sunshine.. | ||
 |
i think yes....... |
 |
shashank gupta
(Ca (pcc))
(35 Points)
Replied 16 October 2010
| Originally posted by : Devendra | ||
|
|
Whether TDS liability is to be paid @ 30% u/s 194B on the prize money won by the contestants? |
|
yes, it is covered by u/s 194b , doesn't matter whatever show it is
further amount exceedind rs. 5000 then it is deductible otherwise it will not be deducted
Gokul Viswanath Shenoy
(Company Secretary & Finance Manager)
(430 Points)
Replied 17 October 2010
ya, surely..its deductable @ 30%
CA Anshu Agarwal
(B€ @LW@¥$ ]-[@Pp¥)
(1832 Points)
Replied 20 October 2010
| Originally posted by : halim siddiqui | ||
|
|
believe me .. i am not joking . tds provisions will not be applicable. there are reasons however i would not like to disclose them since they are my Discovery.. |
|
certainly, you are caused by any mis-understanding.................. whatever.............. you should disclosed.......as to get cleared to yourshelf or other...
Neha
(Article)
(118 Points)
Replied 20 October 2010
| Originally posted by : Anshu Agarwal .....(Mr.) | ||
|
|
|
|
i agree with anshu...if ur discovery is correct den v vl appreciate u.... bt i thnk dat after disclosure, u vl get sm good clarificatios frm our side....
Max Payne
(employed)
(2569 Points)
Replied 20 October 2010
Dear Halim,
A quiz on TV is regarded as a game show as per the income tax act. You can see the explanation in section 2(24) of the act.
Please do not take the stance - that it is an application of skill, knowledge and talent - and hence PGBP.
It is not entirely so. It is depending on chance element too bhai - if you get a question to which you know the answer, you win. Does nt matter hw much else you know. Just like CA exam....
And like in a good article posted few days back, what is luck - the meeting of preparation with opportunity!
CAclubindia
