Tds on footal tourmnet prize
This query is : Resolved
08 July 2015
PAYMENT OF RS.2 LACS AS PRIZE OF FOOTBALL TOURNAMENT TO PERSONS THROUGH CHEQUE.
IS TDS DEDUCTABLE UNDER WHICH SECTION.
IS TDS DEDUCTABLE UNDER WHICH SECTION.
08 July 2015
If Prize is given to a person for winning a game show on basis of competence
and merit then, TDS will be applicable and will have to be deducted u/s 194B by the payer of prize
If Prize is given to a person for excelling in some competition or exam other than game show in electronic mode or TV Show, based on his inherent competence
and merit then, TDS will not be
applicable on the same.
and merit then, TDS will be applicable and will have to be deducted u/s 194B by the payer of prize
If Prize is given to a person for excelling in some competition or exam other than game show in electronic mode or TV Show, based on his inherent competence
and merit then, TDS will not be
applicable on the same.
08 July 2015
you have to deduct the tds u/s 194B........
08 July 2015
Why should you?
Please explain.
You have to first distinguish between merit based games and non-merit based ones.
Don't be a fool.
There are many case-laws against this proposition. Please refer those.
Please explain.
You have to first distinguish between merit based games and non-merit based ones.
Don't be a fool.
There are many case-laws against this proposition. Please refer those.
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