Section 194B of Income Tax Act: TDS Rates & Calculations

tds on lottery income
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TDS , an integral component of income tax, involves mandatory deductions by individuals or entities on specified

Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources  Section 194B mandates that earnings, in excess of ₹10000, from lotteries, game shows, betting, etc will attract TDS

how to win at wolf run slot machine The language of Section 194B of the ITA is markedly different from the other provisions relating to tax-deduction of source , which 194A Interest that is earned apart from post office bank securities 10% ; 194B Income earned through the winnings from card games, lotteries, andor other