Tds on cash award

Srinivas Pyata

543 Points Posted on 09 March 2018

Yes, as per Section 194B TDS has to be deducted @ 30%

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 09 March 2018

As per my view.,
TDS will be deduct under sec 194J...

Srinivas Pyata

543 Points Posted on 09 March 2018

Please refer 194B
in this case 194B applicable

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 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

543 Points Posted on 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...!!!"

128152 Points Posted on 09 March 2018

https://www.caclubindia.com/forum/tds-on-participation-fee-for-sport-activity-57005.asp

VINEETH.R

FINANCIAL ACCOUNTANT

458 Points Posted on 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...!!!"

128152 Points Posted on 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

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..

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 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

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..

VINEETH.R

FINANCIAL ACCOUNTANT

458 Points Posted on 09 March 2018

Yet it is confusing...

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 09 March 2018

Originally posted by : VINEETH.R
	Yet it is confusing...

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".

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 09 March 2018

Originally posted by : VINEETH.R
	Yet it is confusing...

In 194J - Professional / Technical Fees... Also other services that are accepted unders section 44AA are Film Artists, Company Secretary,....... Sport Persons..... and etc...