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tds on lottery income

tds on lottery income

Section 194G tds on lottery income If you receive money from winning the lottery, OnlineTV game shows etc , it will be taxable under the head Income from other Sources The tds on lottery income Payer should deduct TDS at 30% if income exceeds INR 10000 us 194B on winnings from lottery, puzzle, card game & 194BB on horse race income

tds on winning from lottery Guys there is news that govt may impose 30% TDS on FNO in budget 2024-25 considering this in category of speculative trading

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