TDS 194G on Commissions on Lottery Tickets

tds on lottery
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The reward would be subject to tax according to Section 56 and reported under the title “Income from Other Sources ” The lottery winners are

As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge, At the time of payment In case lottery, prize money etc is paid in installments, TDS is to be deducted at the time of payment of each such

05_03_24 lottery result Winnings from lotteries, quiz shows, card games, internet gambling, and dancing contests are subject to tax withholding under Section 194B Dear Amarendra, TDS on lottery winning is at the flat rate, which is compulsory on winning of Rs ten thousands or more, while tax on regular