Tax on Winning Game Shows and Lotteries

tds on lottery income   Dan tds on lottery income

The language of Section 194B of the ITA is markedly different from the other provisions relating to tax-deduction of source , which

Section 194B requires payment of lottery tax & other expenses before payout, It applies when profits exceed ten thousand Rupees  Section 194B and Section 194BB of the Income Tax Act pertain to the deduction of tax at source on winnings from lotteries,

ssni-423 Since the prize money was above ,000, they deducted 30% TDS under section 194B and gave me the remaining money and TDS on prizes & winnings TDS under Section 194B is applicable on income from lottery, betting, gambling, etc If the income exceeds INR 10,000