Section 194B TDS on winnings from Lottery, Game Shows & Puzzle

tds on lottery income
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As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,

The TDS applicable on winning from lotteries under Section 194B of Income Tax Act 1961 for 6 the Assessment Year 2018-19 is 30%

tds on winning from lottery TDS was only applicable in cases where the winnings exceeded Rs 10,000 Also, the taxation of such winnings in the hands of individual players

tds on lottery If you are making specific payments mentioned in the Income Tax Act, you must deduct TDS when making those payments Individuals or HUFs whose