TDS on winnings is taxable at a flat rate of 30% u/s 194B , irrespective of individuals income limits.
Therefore, winnings from KBC of 50L is taxable at a rate of 30% being 50L*30%=15L (Taxable amount)
Menu
Tds on winning from reality show
Replies (15)
TDS on winnings is taxable at a flat rate of 30% u/s 194B , irrespective of individuals income limits.
Therefore, winnings from KBC of 50L is taxable at a rate of 30% being 50L*30%=15L (Taxable amount)
Recent Threads
- Un claim ITC
- Form 49AA - OCI card holder applying for PAN card
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
Related Threads
CAclubindia
