CA Day celebration 2024 Easy Office
LCI Learning

Is TDS Applicable on Lucky Draw

This query is : Resolved 
Profile Image

Profile Image

(Querist)
03 December 2021 Dear sir

one of my customer got bike of 50000/- in lucky Draw ....
is TDS Applicable ??? in witch section ??? and can we claim that TDS ???
what if treat that lucky draw as Gift and is TDS Applicable on Gift please Suggest me sir

Thank in Advance
M Madhu
Profile Image

Ashiwini Ballodia

Profile Image

Ashiwini Ballodia (Expert)
03 December 2021 TDS u/s 194B @30% + 4% cess
Profile Image

Asha Kanta Sharma online

Profile Image

Asha Kanta Sharma online (Expert)
04 December 2021 Yes..you can claim the TDS
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links