TDS u/s 194BB
This query is : Resolved
27 March 2010
Whether cost incurred towards winning from horse race is allowed while deducting TDS
For Example: Mr.X wins Rs.10000 from horse race(by betting on a horse). The cost incurred towards purchase of betting ticket is Rs.100. Whether TDS to be deducted on Rs.9900 or Rs.10000?
For Example: Mr.X wins Rs.10000 from horse race(by betting on a horse). The cost incurred towards purchase of betting ticket is Rs.100. Whether TDS to be deducted on Rs.9900 or Rs.10000?
27 March 2010
tds will be deducted on full amt. i.e. RS. 10000/-
28 March 2010
Thank you
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