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
Aggarwal Sarawagi and Co
New Delhi
CA
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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CAclubindia
