Tax on amount won by quiz , talent shows etc.....

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2015 hello experts.........please clarify me whether there will be any tax on amount won in shows like kbc...............if yes please tell me rate and appropriate section..................

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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21 January 2015 Yes taxable under sec 194B refer this articles in details.

http://abcaus.in/articles/income-tax/incometax-on-lottery-game-show.html

http://www.thehindu.com/2000/10/19/stories/0619000j.htm

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2015 thank u sir.............but if these type of incomes are earned by minor people , whether it should be clubbed with parents income and hence taxable or not...................

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