Prize winning from singing competition

1825 views 2 replies

Dear friends

Prize winning from a singing competition is taxable at what rate?

Whether is it taxable at 30% under sec 194b or any other section?

Kindly clarify this doubt.. thanks..

Replies (2)

As per 194B,"the person responsible for paying to any person any income by wayof winnings from any lottery or crossword puzzle or card game and other game of any sort in an amount exceeding five thousand rupees"

A singing competition would ideally not fall within the definition of a "game", so TDS under Sec 194BB should not apply. Winnings from singing competition should be taxed as Income from Other sources and normal tax rates as per slabs would apply.

 

 

Fab reply given above

but one more additon is that if the singer is a professional it is charged under PGBP orelse as a gift and under IOS ( limiting to 50,000/-).


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details