Section 194B & 194BB - TDS on Lottery, Puzzle, Horserace

lottery tds section
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Understanding TDS on Commission Earned from Lottery Tickets : In India, the Income Tax Act, 1961, mandates the deduction of tax

Any assessee received income by way of Winnings from lottery or crossword puzzle or card game and other game of any sort and amount is exceeding ,000- TDS Rates Where the Company is Not a Domestic Company ; Section 194B: Income by way of lottery winnings, card games, crossword puzzles, and other games of any

rtp game slot As per Section 194B, a person responsible for paying winnings of lotteries, crossword puzzles and other similar games must deduct income tax Default in furnishing quarterly TDS return 5 Form 26AS 194G - Commission, prize etc , on sale of lottery tickets ▫ 194H