[aaykarbhavan] Is Stake Money Received By Jockeys Liable For TDS?

Dear Subscriber,

Is Stake Money Received By Jockeys Liable For TDS?

CA Ashish Karundia, Senior Associate, Direct Tax, Lakshmikumaran & Sridharan

In a short but succinct article, the author has dealt with the controversial topic whether stake money received by jockeys is liable for TDS or not. After thorough research and a systematic study of sections 194BB and 194J of the Act, the author has drawn the conclusion that there is no present obligation to deduct tax on these payments.

(Click Here To Read More)

 

Regards,

 

Editor,

 

itatonline.org

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