Contents More Under Income TaxQ- Would the winnings be taxed at the tax slab rate?(iv)Income under the Head Family Pension getting by widow from former employer of her husbandDeductions and exemptions on income from awards and prizes In your case, the recipient of service is co-operative bank, which is neither a company nor a body corporate, reverse charge will not applicable. … [Read more...] about TDS u s 195 in respect of payments to Foreign Professionals, Teachers etc. Independent Personal Services