How to pay taxes on stake gambling profit ? : rIndiaTax

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

How to pay taxes on stake gambling profit ? : rIndiaTax 2,00000 He had no other comee The Lottery authority deducted TDS from the come The assessee noe wants to get back refund of excess come tax

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

1_00 pm lottery result TDS Rates for Various Regular Payments ; Rent Payment by Individuals Over Rs 50,000 , 194IB, 5% ; Lottery & Other Types of Winnings, 194B, 30% ; Payment to

It is applicable on winning fromlotteries,crossword puzzles,card game and other game of any sort, races including horse races,Cutoff is Rs

tds on winning from 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 should be deducted only if the winning amount exceeds INR 10,000 The Deductor should deposit the TDS with the government and file a TDS Return on TRACES