Dhanvijay® on LinkedIn: Section 194B & 194BB
Dhanvijay® on LinkedIn: Section 194B & 194BB
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tds on lottery
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Section 194 G– Commission, etc , on sale of lottery tickets Charged at the rate of 5%; Section 194 H- Commission or brokerage Charged @ of 5%
At the time of payment In case lottery, prize money etc is paid in installments, TDS is to be deducted at the time of payment of each such Ans: In the cases where TDS has been deducted on special income like winning from lottery or horse races etc, then filing of ITR-1 and 4 is not allowed So
rajya lottery 17 tarikh 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 194B, Winning from lottery crossword puzzle, 10,000, 30%