Tax on lucky draw winnings
Rishav (Sr. Executive) (35 Points)
19 March 2017Rishav (Sr. Executive) (35 Points)
19 March 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170073 Points)
Replied 19 March 2017
As per 26AS statement, you will have to declare the prize money in respective ITR, and offer to tax at 30% plus cess; which will neutralize the TDS credits!!!
Analysis of 20 GST Notices (including 2 Appeals) and Practise on Drafting(with recording)
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)