Income tax payable on winnings from online, offline games of chance

Income tax and lottery winners: This is the treatment by the taxman tds on lottery
➡️【Mk.com】✅Best Online Casino in India✅Top Secure Casino Site Checked by Online Casino Gaming Industry ExpertsFind out the latest ratings here! ✅  TDS Rate under section 194BB is 30% plus surcharges The deduction is made at the time of payment If the prize is paid in installments, a TDS tds on lottery INCOME TAX : No TDS us 194G194H by assessee-wholesaler of lottery tickets on incentives paid to retailers as a mere conduit between govt and them

tds on lottery income TDS Rate: TDS rate under Section 194S is 1% If you're involved Lottery, Puzzles, etc ) may be penalized with amount equal to tax