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If a person got gold by wining a lottery and TDS on the gold
value was not deducted by the deductor. After getting the
gold, the person tranfer the gold to his daughter. After
reading the provisions of the Income Tax Act, 1961, you are
required to state that who is liable to pay the tax on the
value of the gold? and is there any liability of the
Deductor towards non-deduction of TDS?

Question Posted / anshul


If a person got gold by wining a lottery and TDS on the gold value was not deducted by the deducto..

Answer / seswarca

ur liable for penalty for equal amt for non deduction of tds

Is This Answer Correct ?    0 Yes 0 No

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