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14 years ago
Abhishek let me clear one thing TDS is not a Act but it falls under the provisions of Income Tax Act. So please dont mislead people.
14 years ago
I too was not very clear about what Abhisekh precisely wanted to convey!
14 years ago
Abid Areacode wrote:
[quote]gulshan kumar ajmani wrote:
[quote]
Even the monthly salary and pay scales declared are gross and are reduced after TDS. Similarly with TV show winnings.[/quote]
But it is like cheating by showing a huge amount.[/quote]
This is not cheating any way. The organizers give the entire amount and the TDS is for Income Tax. This is common to all payments- salary, contracts, commission, professional fee, rent on buildings. In many cases, the recipient has to suffer Income tax, service tax and may be local taxes etc. All know that they have to pay tax on their income on any source including Kaun Banega Crorepati. Hence no cheating.
[quote]gulshan kumar ajmani wrote:
[quote]
Even the monthly salary and pay scales declared are gross and are reduced after TDS. Similarly with TV show winnings.[/quote]
But it is like cheating by showing a huge amount.[/quote]
This is not cheating any way. The organizers give the entire amount and the TDS is for Income Tax. This is common to all payments- salary, contracts, commission, professional fee, rent on buildings. In many cases, the recipient has to suffer Income tax, service tax and may be local taxes etc. All know that they have to pay tax on their income on any source including Kaun Banega Crorepati. Hence no cheating.
G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/
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