TDS under section 194B on winning from Lottery
TDS under section 194B on winning from Lottery
There is no fixed rate for TDS deduction; it varies as per the nature of the transaction For example, in the case of salary payment, TDS is deducted as per the
Section 194B, Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort, 30, 30 ; Section 194BA, Winning from Online No surcharge or health or education cess has to be added to the rate of 30% However, the deductor shall deduct TDS on winning from lottery or crossword puzzles
mi online poker In India, lottery winnings are subject to a tax deduction at source of 30% if the amount of the winning exceeds Rs 10,000 Therefore, if 1 Applicability: Winning amount needs to be more than Rs 10,000 · 2 Deductor: Prize distributor can be any person and shall deduct the TDS at
