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WHY TAX FOR GIFT?
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WHY TAX FOR GIFT?

Uncategorized November 21, 2025 , by

A PRIZE is something won in a competition or contest, while a gift is something given voluntarily without the expectation of return. The key difference is that a prize is earned through a contest, whereas a gift is given as a gesture of goodwill, appreciation, or affection. A friend of mine win a LLOYD AC on a scratch gift coupon, when he purchased a washing machine. But company is asking Rs9,000 as a TDS before delivery. Is this gift? Tradition of gift is being converting into looting business. This should be halted. Because a Fascino two wheeler winner was as to pay Rs25,000 tax by Ganesh Mandal.
Tax Deducted at Source (TDS) is applied to prize money and gifts in India because such winnings are considered income under the Income Tax Act. The government mandates the deduction at the source to ensure upfront tax collection on these “windfall gains,” which are typically irregular and not part of a person’s regular earnings. But this tax or whatever, should be paid by the organizers or sponsors. Why beneficiaries? The meaning of gift or prize is abolish when tax enforce to pay.
Tax Deducted at Source (TDS is required on prizes and gifts to prevent tax evasion and ensure the government collects tax at the time the income is generated. These winnings are considered income under the Income Tax Act, 1961, and are subject to specific provisions for taxation. But gifts and prizes must be exempted from taxation.
The primary objective of the TDS mechanism is to collect a portion of the tax liability upfront, rather than relying solely on the recipient to declare this irregular, “windfall” income at the end of the financial year. This calculation is of rich people not middle class and common man. We assume that gift is destiny or luck in human life. So gift should not be taxable. Amend the law if it is mandatory for the public satisfaction.
— Rajesh Banaulikar, Arpora, Goa
WORLD TOILET DAY ON NOV 19
Not many people know that there is a World Toilet Day! The UN declared November 19 as World Toilet Day and the theme this year is that “Sanitation in a changing world.” We know that sanitation is a lot to do with water and its easy availability. In the countries of the West I have seen how water is so precious you may not waste it freely – as we see it being wasted in India and in Goa, especially on the streets. We take water for granted. Citizens must respect water and also the attendants of all public toilets. Has anyone done a study or report or even photo shoot on any of the public toilets in Panjim? The media doesn’t cover such a vital subject at all! The old Sulabh Sauchalya public toilets have converted to a more fanciful name but it is the same story of poor maintenance and wastage if you take a closer look!
— Stella D’souza, Panjim.
COCONUT PRICES SOARING!
COCONUT prices are soaring, drugs like cocaine are freely available and what is our government busy with? Cabinet reshuffles and power games. While the common Goan struggles daily – from rising costs to safety concerns – those in power are least bothered about real issues. It’s time to ask: Whose interests are being served? Goans or their political chairs?
— Elvis Gomes, Panjim.
(Editor Note: The price of eggs has gone up from Rs70 to Rs80 to Rs90 per dozen eggs in the space of two months!)

CAMPAL RESIDENTS HAVEN’T GOT SIR FORMS!
EARLY this week I was watching a video of a press conference by Elvis Gomes which brought about the new special intensive rolls (SIR) being prepared for the next Goa assembly elections. I am very thankful to him for bringing out the details because many of us are not aware of the details, of what has to be done, the forms have not come to us at Campal residents, we have no details about filling and submitting them. The video says that a 100 percent distribution of forms has been done but there are no details. We now know that in first the Bihar elections 66,000 names were deleted. We Goan residents in Campal, today is Nov 21, haven’t got the forms and I believe the last date to fill in the information in the form and return to BLO is December 4. We have hardly 14 or so days left but we have not received the forms and I am worried that all our names will be deleted from the rolls. The Election Commission should look into this. There should be transparency in this matter, why people in Campal in Panjim have not received their forms to fill in and submit?
— Patricia Sethi, Campal, Panjim

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