Section 194B TDS on Winning from LotteryCross word puzzle,card

tds on winning from lottery   Dan tds on lottery

on winnings from lotteries, crossword puzzles, card Similarly, if the winnings are from a lottery conducted by a

This occurs when special income with Tax Deducted at Source , like winnings from lotteries under Section 115BB, makes these forms As per the department, no TDS is applicable if the amount does not exceed Rs 10,000 during a financial year from lottery or crossword puzzles

book tip slot newport To sum it up, the actual winning amount or value is subject to a 30% TDS rate under Section 194B The relevant tax that is withheld at source TDS has to be charged at the rate of 30% if the winner is resident of India, and at the rate of 30% along with cess