Do we need to TDS on the prize won from the running competition
Menu
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
Recent Topics :
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
- 70:30 GST rule for solar EPC: partial scope (struc
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
Related Topics :
CAclubindia
