TDS- for a foreign student on winning from competition

183 views
User Avatar

Chartered Accountant
73 Points Posted on 12 May 2021
What will be the tds liability for a student (residing outside india) on winnings from a competition?
0 Reply Share Follow
On 12 May 2021 at 14:56 Report
Replies (2)
Quick Summary
This discussion clarifies the Tax Deducted at Source (TDS) liability for foreign students who win prizes from competitions. The applicable TDS rate is 30%, with additional surcharges and cess also applying. This ensures clarity on the tax obligations for non-resident students receiving competition winnings.

User Avatar

tax consultant
3306 Points Posted on 12 May 2021
30% plus surcharge and cess
Reply
On 12 May 2021 at 17:11
User Avatar

Chartered Accountant
24588 Points Posted on 12 May 2021
30% plus cess
Reply
On 12 May 2021 at 17:25

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. TDS Code for Salary Payment to Non-Resident Intern
  2. TDS on property
  3. Company data for software
  4. Car purchase to be eligible for ITC
  5. GST Refund on payment to builder
  6. TDS u/s 194Q on electricity supply by DHBVN etc.
  7. Subject: Can I Apply for Fresh GST Registration on
  8. Additional place in GST RC
  9. Company 3 months old, INC-20A not filed, all 3 of
  10. How do I choose the Best GST Lawyers in New Delhi

More recent discussions | Post

Related Topics :

Loading