What will be the TDS rate on the Prized Amount given by a Chits Co. to its subscribers/clents?
Especially when the prized amount given, is in the form of Motor Bike?
Chits
Aparna Raja K.C (Student) (520 Points)
27 June 2011Aparna Raja K.C (Student) (520 Points)
27 June 2011
What will be the TDS rate on the Prized Amount given by a Chits Co. to its subscribers/clents?
Especially when the prized amount given, is in the form of Motor Bike?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 27 June 2011
all prizes are subject to 30% TDS.