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194B On Prize

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(Querist)
25 June 2024 A company has agreement with a TV channel that the company will give Rs 1 lakh to the winner of the dance show.
Is 194 B applicable. Please suggest.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 June 2024 Yes, applicable.
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Krishna Joshi

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Krishna Joshi (Querist)
26 June 2024 Is entertainment tax applicable.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
26 June 2024 Depends upon the state levying the tax.

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