Tax on Winning Game Shows & Lotteries

tds on lottery
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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,

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 What is Section 194B? If a person wins a lottery or onlineTV game shows and receives the prize in cash or as an item then it is taxable under Income from other

does kroger cash lottery tickets Any award or lottery based on participation fee and chance is subject to TDS under section 194B of the Income Tax Act, 1961 However, If the amount won on account of lottery, crossword puzzles or race horses is less than ₹10,000-, then there not any TDS implication on it If