Tax Deducted at Source

1. TDS on prizes Recently I won a car in a game show as a prize. The organizers of the show are now pressurizing me to deposit TDS for this car before handing it over to me. Is it not the duty of payer of an income to deduct tax? Also, since this is a car how can something be deducted from it? Shivani Kapoor, Delhi Congratulations on your windfall. However, as the saying goes, you should not look a gift horse in the mouth. The law is very clear: all winnings from any kind of l

This article was originally published on October 10, 2003.