I am putting written contex of mail received from my client, he received from a very gud Airlines.....
Congratulations! It gives me great pleasure to inform you that you are a proud winner of BlackBerry Smartphone Pearl under the 15th Anniversary Promotion launched by XXXXXX Airways.
Since the promotion comes within the purview of section 194B of the Income Tax Act, 1961, you would be required to pay Tax Deducted at Source (TDS) on your prize which is Rs. 7725/- (i.e. 30.9 % of Rs.24999/-). On payment of the tax we request you to furnish us a copy of the demand draft and the tax paid challan for our records alongwith your (a) Full Name, (b) Residential Address, (c) Contact Details, (d) PAN Card Copy and (e) Postal address (where you would want the prize to be sent)
Now the thing is that how can my client deposit TDS and/ or the other way to deal with this kinda thing from such a reputed airlines
13 January 2009
TDS has to be deducted @33.99% and you will receive the amount after deducting the TDS.. If you are the promoters then TDS has to be credited to The Cental Government
CAclubindia
