Income Tax on winnings from Lottery, Game Shows, Puzzle

tds on winning from lottery
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The person responsible for paying to any person any income by way of winnings from any lottery or crossword puzzle, card game and other game of any sort in an

Section 194BA Under Section 194B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10000 and other winnings from games

chips gratis zynga poker A 30 per cent tax deducted at source will be levied on those who receive prizes above Rs 10,000 multiple times a year In the initial Winnings from lottery, cross word puzzle, card game or other game of any sort Winnings from Horse races Contracts Rs