Income Tax Payable On Winnings From Game Shows, Puzzles and

tds on winning from lottery   Dan tds on lottery income

Section 194B and 194BB contains provisions relating to TDS on winnings from lottery, crossword puzzle or any game and winnings from horse race

As per Section 194B, a person responsible for paying winnings of lotteries, crossword puzzles and other similar games must deduct income tax Section 194B - Winnings from Lotteries, Crossword Puzzles etc Section 194C - Payment to ContractorSub-Contractor Section 194D -

slot machine tricks cheats Rules for Income Tax on Lottery Winnings or Game Show Income · In the case of winnings from horse races, income is taxable at % without any Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act