Income Tax on Lottery Winnings and Game Shows

Income Tax on Lottery Winnings and Game Shows tds on lottery Section 194B mandates that earnings, in excess of ₹10000, from lotteries, game shows, betting, etc will attract TDS tds on lottery Section 194G deals with TDS on commission on sale of lottery tickets In this article, we will discuss section 194G of the Income Tax act

tds on lottery 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 income Winnings from lotteries, game shows, and other prizes are subject to TDS The event organiser deducts TDS before disbursing the winnings to the If you are making specific payments mentioned in the Income Tax Act, you must deduct TDS when making those payments Individuals or HUFs whose