Hello Guys.......
Please let me know whether TDS is deducatable or not :-
2 Prize won by Mr. X each cost Rs. 6000
1 Prize won by Mr. Y cost Rs. 11000
If you have supporting, please provide the same too...........
Menu
TDS u/s 194B.........
Replies (3)
tds u/s 194 B is applicable if prize amount exceed 10000.
| Originally posted by : rachit jain | ||
 |
tds u/s 194 B is applicable if prize amount exceed 10000. |
 |
I know it dear, ans me about the above problem...
The prize are given by Social Club...
well u din't mention social club dear. come to the issue now, as per sec 194 B " any person paying the sum by way of winning from lottery, crossword puzzle, card game or game of any sort is responsible to deduct tds.
Recent Topics :
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
Related Topics :
CAclubindia
