becker cpa

Limited Period Offer Avail 20% discount in all subjects CA,CS and CMA,Coupon- OFFER20 Call: 088803-20003

CA Final Online Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Tds on winning from reality show


CHAITRI SUDHAKARBHAI KHAROD

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE)     06 December 2020

CHAITRI SUDHAKARBHAI KHAROD
ARTICLE 
 24 likes  529 points

View Profile | My Other Post
But ma'am...in second question, my total income is below maximum limit....then will refund be available??
avater

Aditi Kaur (Practising CA)    04 December 2020

CCI Online Learning offers a library of courses for CA/CS/CMA Aspirants from the best faculties in India. Our top notch courses aim to make your journey from a student to a professional, a successful one. To promise a successful career as a professional CCI Online Learning also offers programs like Financial Modeling, MS Excel, IFRS/IND AS Certification Courses that will help you take your career to the next level. Check out the free demo videos here https://www.caclubindia.com/coaching/


ayusmita

ayusmita (Tax consultant)     06 December 2020

ayusmita
Tax consultant 
 371 likes  5573 points

View Profile | My Other Post

If you asking about your winning prize from kbc tds return then no as it's not refundable

Apart from these if you have tds from your salary or from fd or other then you can get tds refund on those things but not from your winning prize

1 Like
CHAITRI SUDHAKARBHAI KHAROD

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE)     06 December 2020

CHAITRI SUDHAKARBHAI KHAROD
ARTICLE 
 24 likes  529 points

View Profile | My Other Post
Okay..now everything is cleared ...thank you so much to all of you for your kind replies....
Aditya Patidar

Aditya Patidar   07 December 2020

Aditya Patidar

 1 likes  9 points

View Profile | My Other Post

Yes TDS will be applicable @ 30% +cess 

It willbe deducted at the time of payment it has no relation with your income it has its own limit if amount crosses that limit tds will be deducted

1 Like
CHAITRI SUDHAKARBHAI KHAROD

CHAITRI SUDHAKARBHAI KHAROD (ARTICLE)     08 December 2020

CHAITRI SUDHAKARBHAI KHAROD
ARTICLE 
 24 likes  529 points

View Profile | My Other Post
Ok...got it...thanks a lot..
Prapul Kumar

Prapul Kumar (Student)     08 December 2020

Prapul Kumar
Student 
 6 points

View Profile | My Other Post

TDS on winnings is taxable at a flat rate of 30% u/s 194B , irrespective of individuals income limits.

Therefore, winnings from KBC of 50L is taxable at a rate of 30% being 50L*30%=15L (Taxable amount)


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Related Threads


Loading


Trending Tags