TDS on Prize, Betting, Lottery Wining

TDS on Prize, Betting, Lottery Wining tds on lottery income
➡️【Mk.com】✅From our real money online casino✅ to a wide variety of table games✅,✅you have plenty of opportunities to win huge jackpots at the best online casinos in India.✅  1 Section 194G of the Income Tax Act, 1961 Section 194G contains provisions relating to TDS on payment of lottery commission, remuneration or tds on lottery income Tax Deducted at Source ; Interest other than interest on securities, 194A, 10% ; Winnings from Lottery or crossword puzzles, 194B, 30%

tds on lottery income Section 194B requires payment of lottery tax & other expenses before payout, It applies when profits exceed ten thousand Rupees

tds on winning from lottery If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under the head Income from other Sources The Section 194B requires payment of lottery tax & other expenses before payout, It applies when profits exceed ten thousand Rupees