Income Tax on winnings from Lottery, Game Shows, Puzzle
Income Tax on winnings from Lottery, Game Shows, Puzzle
rate of tds on lottery winning is
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However, currently, TDS is deducted at 30% on net winnings without any threshold limit As per Rule 133, net winning is computed in the
As per section 194B tax need to be deducted at flat 30% plus cess of 4% at % Extract of Section 194B – “Winnings from lottery or
rate of tds on lottery winning is Section 194B: Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort 30 ; Section 194BB: Income by way of winnings
online poker fun Section 194G of the Income Tax Act, 1961 lays down the provisions for deduction of TDS at the rate of 5% when there is receipt of: Commission;; Remuneration; or