TDS 194G on Commissions on Lottery Tickets

tds on lottery
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TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor Winning amount needs to be more than

Rate of TDS us 194B & 194BB of Income Tax Act The payer shall deduct tax at the rate of 30% under Sec 194B from the money paid for winnings from the lottery,

tds on lottery Section 194B and 194BB contains provisions relating to TDS on winnings from lottery, crossword puzzle or any game and winnings from horse race

tds on lottery income If you have won a lottery, get prepared for a huge TDS of 30 per cent This is if the amount of lottery ticket won is more then Rs 10,000 Apart