TDS on Winning From Lottery Or Crossword Puzzle Or Card Game

tds on lottery
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The language of Section 194B of the ITA is markedly different from the other provisions relating to tax-deduction of source , which

Self-Assessment Tax: After filling out your ITR form with the TDS and advance tax details , the system computes your income and checks whether tax is As per the department, no TDS is applicable if the amount does not exceed Rs 10,000 during a financial year from lottery or crossword puzzles

buster hammer carnival slot review Lottery Winnings 30,000 9,180 Long-term Capital Loss 10,000 — He TDS on Lottery Income @ 30% of j− 30,000 9,000 Tax to be deducted j Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,