tds on lottery income
Understanding Section 194B of the Income Tax Act
tds on lottery income
website tds on lottery income Section 194B of the Income Tax Act, 1961 establishes that if the earnings from various sources, such as lotteries, game shows, card games, tds on lottery income Finance Act, 2023 has amended section 194B of the Income-tax Act relating to winnings from lottery or crossword puzzle etc and
tds on lottery income Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries, Since the prize money was above ,000, they deducted 30% TDS under section 194B and gave me the remaining money and TDS Applicability on Lottery or Game Show Income:** >If prize money exceeds Rs 10000, TDS at % under section 194B is…
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