TDS Rate for lottery

This query is : Resolved 

01 September 2009 kindly confirm me the TDS Rate applicable for Sec 194 B.
It is flate 30% or 30%+Surcharge+Education Cess.

Regards,

01 September 2009 Edu. Cess would be payable by all the assesses. But surcharge of 10% would be payable only if the total income of the assessee exceeds or liekly to exceed the specified limited ( for companies and firms- Rs. 1 crore; and for others- Rs. 10 lacs)



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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries