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Tds on cash award
payment is to be made to winner of sports tournament in cash amounting to Rs. 13000. whether tds is to be deducted?
Replies (15)
Yes, as per Section 194B TDS has to be deducted @ 30%
As per my view.,
TDS will be deduct under sec 194J...
TDS will be deduct under sec 194J...
Please refer 194B
in this case 194B applicable
in this case 194B applicable
Section 194B – TDS on Winnings from Lottery : According to section 194B of the Income Tax Act 1956, ‘The person responsible for paying to any person any income by way of winnings from lottery or crossword puzzle or card game and other game of any sort in an amount exceeding ten thousand rupees shall at the time of payment thereof, deduct income tax thereon at the rates in force’.
Here not include SPORT...
in my view 194J covers Fees(remuneration) i think remuneration and winning is totally different
194B covers winning of prize
194B covers winning of prize
https://www.caclubindia.com/forum/tds-on-participation-fee-for-sport-activity-57005.asp
How could we treat this case under 194j ? Please explain... Under 194B there is the term regarding games. I think this query would fit in to 194B
| Originally posted by : VINEETH.R | ||
 |
How could we treat this case under 194j ? Please explain... Under 194B there is the term regarding games. I think this query would fit in to 194B |
 |
section 194B of the Income Tax Act 1956, ‘The person responsible for paying to any person any income by way of winnings from lottery or crossword puzzle or card game and other game of any..... No more definition of SPORTS... SPORTS IS DIFFERENT MEANING IN THE ABOVE WORDS IF GAMES.... Otherwise check above posted link. You can get some clarity..
| Originally posted by : VINEETH.R | ||
|
How could we treat this case under 194j ? Please explain... Under 194B there is the term regarding games. I think this query would fit in to 194B |
|
section 194B of the Income Tax Act 1956, ‘The person responsible for paying to any person any income by way of winnings from lottery or crossword puzzle or card game and other game of any..... No more definition of SPORTS... SPORTS IS DIFFERENT MEANING IN THE ABOVE WORDS IF GAMES.... Otherwise check above posted link. You can get some clarity..
Yet it is confusing... 
| Originally posted by : VINEETH.R | ||
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Yet it is confusing... |
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No need any Confusion about section 194B. Bcoz, It's not notifying any sport related words. As I simply said "Sports is not Lucky Games".
| Originally posted by : VINEETH.R | ||
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Yet it is confusing... |
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In 194J - Professional / Technical Fees... Also other services that are accepted unders section 44AA are Film Artists, Company Secretary,....... Sport Persons..... and etc...
Yes in that sense we can take this under 194J .
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