the rate of tds from winning from lottery
Section 194B of Income Tax Act: TDS Rates & Calculations
the rate of tds from winning from lottery
website the rate of tds from winning from lottery 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, the big lebowski slot Also, the taxation of such winnings in the hands of individual players were governed by section 115BB of the Act which provided a tax rate of 30
the rate of tds from winning from lottery Section 194B - TDS on winning from lottery or crossword puzzle, etc - Income Tax - Ready Reckoner If you strike it rich with lottery winnings or gambling, TDS can be as high as 30% But don't worry, you can claim a refund by filing your TDS must be subtracted by the organisation awarding the prize before rewards may be paid out 2 Would the winnings be subject to tax at the tax
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