TDS ON AWARDS IN KIND

Dear All,

My company has decalred an award on subscription of Magzine ,. The award would be in kind like Maruti car and other things. Pls specify the TDS provisions uner which we need to deduct TDS and Pls specify the while making calculation of TDS exemption of Rs. 5000 or 2500 whatever would be considered or not>

Replies (2)
The section applicable would be 194B deduction of tax at source from winnings from lottery or crossword puzzle. This section includes all the games. The threshold limit is Rs. 5000/-.
u should take tds amount from the winners in cash in case u r giving award in kind and deposit the same as Tds payable

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 07 October 2026
Article Trainee/ CMA Trainee

RMA And Associates LLP

New Delhi

CA Inter

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
23 October 2026
Sr. Accountant

SANKARAN & KRISHNAN

New Delhi

B.Com

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details