GURTEJ SINGH (job) 09 March 2018
payment is to be made to winner of sports tournament in cash amounting to Rs. 13000. whether tds is to be deducted?
RAJA P M ("Do the Right Thing...!!!") 09 March 2018
As per my view.,
TDS will be deduct under sec 194J...
RAJA P M ("Do the Right Thing...!!!") 09 March 2018
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...
Srinivas Pyata 09 March 2018
in my view 194J covers Fees(remuneration) i think remuneration and winning is totally different
194B covers winning of prize
RAJA P M ("Do the Right Thing...!!!") 09 March 2018
https://www.caclubindia.com/forum/tds-on-participation-fee-for-sport-activity-57005.asp
VINEETH.R (FINANCIAL ACCOUNTANT) 09 March 2018
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
RAJA P M ("Do the Right Thing...!!!") 09 March 2018
| 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 |
 |
RAJA P M ("Do the Right Thing...!!!") 09 March 2018
| 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 |
|
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