Tds

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student
47 Points Joined April 2012

How TDS will be deducted if Award is in kind and reciever have no money to pay.

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On 22 November 2013 at 15:57 Report
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MBA-Finance Executive - accounts & Fina
422 Points Joined January 2011
plz clarify which type of award it is ??? also from whom he is receiving ???
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On 22 November 2013 at 16:10
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student
47 Points Joined April 2012

Okk...

If you won a prize while playing a game like "SUB Khelo Sub Jeeto" and many otherv shows telecasted on TV channels.

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On 22 November 2013 at 16:47
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CONSULTANT
118 Points Joined August 2009
In such cases where the receipent of award or prize money is not paying the tax, the organiser of such play/ game is liable to deduct tax on the equivalent amount of prize in cash at 30%
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On 22 November 2013 at 17:11
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MBA-Finance Executive - accounts & Fina
422 Points Joined January 2011

yes..u need not to pay tds on such prize money...organiser vl pay/bear

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On 22 November 2013 at 17:54


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