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Kaun Banega Crorepati winners does not take the entire winnings home
in The Lounge
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    @Rajani

    TDS is basically collection of tax on an advance basis and before the return of income is filed with tax authorities,you need to calculate how much tax you need to pay on your total income.And after adjustment of TDS if the balance is postive you pay the difference as further tax amount and if it is negative the Income Tax authorities pay you back the amount as refund!
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    Yes,I too have heard that the winners cannot take home the entire winning amount.Thanks for sharing,Friend. :) :)
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    Extremely sorry for the inconvenience I have fixed the problem and now you can go to the link.
    Click the below link for news which you can use:NeWsYoUCaNUsE
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    Now the link is accessible.Thanks for your efforts,Jayen. :) :)
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    Thanks for comments ou all are welcome and will continue to post such news
    Click the below link for news which you can use:NeWsYoUCaNUsE
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    Thanks for activating the link. AS suggested by many, the winning is subject to deduction of income tax at source.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

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    In all such mega prizes the winner don't get the whole amount.Why it is so?Why can't the amount be declared after deducting the tax?
    Visit my blogs:

    http://abidareacode.blogspot.com
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    Abid Areacode wrote:
    [quote]In all such mega prizes the winner don't get the whole amount.Why it is so?Why can't the amount be declared after deducting the tax?[/quote]

    Even the monthly salary and pay scales declared are gross and are reduced after TDS. Similarly with TV show winnings.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/

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    I think many people participate in game shows just to have fun. :) :)
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    Lure of money is also there! It's a big biz deal for both!!!!
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