Section 194B & 194BB- Winnings from Lottery, Puzzles, Games and

lottery tds section
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If you have won a lottery, get prepared for a huge TDS of 30 per cent This is if the amount of lottery ticket won is more then Rs 10,000 Apart

TDS Applicability on Lottery or Game Show Income:** >If prize money exceeds Rs 10000, TDS at % under section 194B is… 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

assam bodoland lottery result today 4pm Section 194B TDS On Winning Of Lottery Games etc 30% TDS at the time of payment – only if payment >10000 Winning in kind Section 194B mandates that earnings, in excess of ₹10000, from lotteries, game shows, betting, etc will attract TDS