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)
Tds on winning from reality show
Page no : 2
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
