CHANGES IN NEW TDS RATES , INCOME TAX PROVISIONS

TDS Rates for Various Regular Payments ; Rent Payment by Individuals Over Rs 50,000 , 194IB, 5% ; Lottery & Other Types of Winnings, 194B, 30% ; Payment to

Any assessee received income by way of Winnings from lottery or crossword puzzle or card game and other game of any sort and amount is exceeding ,000-

tds on lottery Section 194B and 194BB contains provisions relating to TDS on winnings from lottery, crossword puzzle or any game and winnings from horse race

tds on lottery income The Income Tax Act contains provisions of TDS due to which 30% tax is deducted from their winnings and only the net amount is paid to the