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

Section 194B & 194BB - TDS on Lottery, Puzzle, Horserace tds on lottery The language of Section 194B of the ITA is markedly different from the other provisions relating to tax-deduction of source , which tds on lottery income The TDS applicable on winning from lotteries under Section 194B of Income Tax Act 1961 for 6 the Assessment Year 2018-19 is 30%

tds on lottery income the action takenbeing taken by the Government against lottery distributors who indulged in evasion of GST, TDS etc ? ANSWER THE

tds on winning from lottery In case the prize money in cash is only ₹10 Lakhs, then total TDS Liability would be ₹15 Lakhs The payer should ensure either: Miss Dilaik Salary payments · Interest on securities · Dividend payments · Interest other than interest on securities · Winning from Lottery or Crossword Puzzle