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Diffrent sportsmen are endorsing diffrent products and they
have endorsement agreements for this. Now at what rate the
tds should be deducted by the company on the amount of
payments msde to sportspersons for endoresements?
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I faced a case : One person "P" registered for a plot amounted to almost Rs 400000 to a real state company, XYZ. But XYZ is unable to provide the plot even after 2 years. So they are returning back the money along with the interest. Interst amount is almost Rs 66000. XYZ company is deducting the TDS from the interest. Are this company is doing right by deducting the TDS from the interest income? The profile of person Case 1 : P is a student and don't have any income. Case 2 : P is earning more than 10000 pm if interest income is included.
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Think you are the only son to your parents, with five sisters. your maternal side, there is some property done by your grand father which they have registered to their younger brother for some security purpose when you are a child. and now in your meternal your uncle is bachelor, and your unt's are spinsters. one unt is married, but do not have any child, one more aunt is married but have a girl baby. Now my question is will you have right on the property or not.
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