Section 194S of Income Tax Act: Meaning, Rate of TDS & Provisions

tds on winning from lottery
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In case lottery, prize money etc is paid in installments, TDS is to be deducted at the time of payment of each such installment 194BB winning

The language of Section 194B of the ITA is markedly different from the other provisions relating to tax-deduction of source , which

tds on lottery income TDS has to be charged at the rate of 30% if the winner is resident of India, and at the rate of 30% along with cess

tds on winning from lottery Even if your total income is below the threshold, you cannot claim refund on the TDS deducted from a prize money as tax on such amount received from prize or