What Is Section 194G Under Income Tax Act?

Tax Deducted at Source ; Interest other than interest on securities, 194A, 10% ; Winnings from Lottery or crossword puzzles, 194B, 30%

Winnings from lottery, cross word puzzle, card game or other game of any sort Winnings from Horse races Contracts Rs

tds on winning from lottery So, while filing your income tax returns, you will be able to adjust such TDS against your liability for such income However, note that since

tds on lottery income TDS should be deducted only if the winning amount exceeds INR 10,000 The Deductor should deposit the TDS with the government and file a TDS Return on TRACES