How to pay taxes on stake gambling profit ? : rIndiaTax

tds on winning from lottery
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winnings from lottery; Activity of owning and maintaining race horses; Income taxable at special rates under section 115BBDA or section

Winnings from lottery, cross word puzzle, card game or other game of any sort Winnings from Horse races Contracts Rs

tds on winning from lottery Section 194B of the Income Tax Act applies to TDS deductions from the income earned from winning the lotteries Learn about deductions, penalties, and more

tds on lottery income TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor 1 Applicability: Winning amount needs to be