Do we need to TDS on the prize won from the running competition
Do we need to TDS on the prize won from the running competition
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
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
