Section 194B & 194BB- Winnings from Lottery, Puzzles, Games and
TDS Rate: TDS rate under Section 194S is 1% If you're involved Winnings from Crossword, Lottery, Puzzles, etc ) may be penalized
What is the maximum limit available on which NO TDS is tds on winning from lottery
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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
tds on winning from lottery As per Section 194B, a person responsible for paying winnings of lotteries, crossword puzzles and other similar games must deduct income tax
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