What is the rate of TDS applicable on winning from lotteries
What is the rate of TDS applicable on winning from lotteries
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tds on lottery income Dan tds on winning from lottery
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Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act
If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under the head Income from other Sources The 1 TDS for Both Resident and Non-Resident Indians ; 192 Salary Depends on the income tax slab ; 194B Income earned from card games, lotteries andor any other
20 million lottery The TDS applicable on winning from lotteries under Section 194B of Income Tax Act 1961 for 6 the Assessment Year 2018-19 is 30% Tax Deducted at Source ; Interest other than interest on securities, 194A, 10% ; Winnings from Lottery or crossword puzzles, 194B, 30%