INCOME TAX OFFICER TDS Vs MALAYALA MANORAMA CO LTD

TDS On Winning Lottery, Card And Online Games, Puzzles Etc lottery tds section 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 lottery agent Winnings from the sources listed below are subject to a TDS of 30% under Section 194B of Income Tax Act: Lucky draws and lotteries

lottery tax calculator virginia The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab