Winnings from a quiz competition

tds on winning from lottery
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As per Section 194B, a person responsible for paying winnings of lotteries, crossword puzzles and other similar games must deduct income tax

Rules for Income Tax on Lottery Winnings or Game Show Income · In the case of winnings from horse races, income is taxable at % without any TDS has to be charged at the rate of 30% if the winner is resident of India, and at the rate of 30% along with cess

free poker no deposit required TDS Rate under section 194BB is 30% plus surcharges The deduction is made at the time of payment If the prize is paid in installments, a TDS Under Section 194B of the Income Tax Act, TDS will be deducted if