Taxation Theory & Practice

tds on lottery
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The TDS on lottery winnings, card game winnings, TV programme Before paying the winner, the payer must first deduct TDS at a rate of 30% if

Under Section 194B of the Income Tax Act, TDS will be deducted when the income is earned from the winning lotteries, card games, quiz shows, card games, online TDS Applicability on Lottery or Game Show Income:** >If prize money exceeds Rs 10000, TDS at % under section 194B is…

dear lottery result 11.05 24 The Income Tax Act contains provisions of TDS due to which 30% tax is deducted from their winnings and only the net amount is paid to the So, for example, if you end up paying 30% TDS on a lottery payment of Rs 300,000 , and this is your only income in the