Do we need to TDS on the prize won from the running competition
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Tds on prize won from running competition
Replies (4)
Quick Summary
What type of Competition ? , please elaborate in detail.
Its a Marathon. Running race.
If you win the prize , then the sponsor will deduct tds if it crosses the threshold limit.........& if you sponsor & give a prize money to the contender then you will have to deduct the tds of the winner.
WHat is the limit and under which section do we need to deduct? We are the sponsor
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