Section 194B & 194BB

Section 194B of Income Tax Act tds on lottery income 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 Section 194B requires payment of lottery tax & other expenses before payout, It applies when profits exceed ten thousand Rupees

tds on winning from lottery In the case of winnings from horse races, TDS will be applicable if the amount exceeds Rs 10,000 TDS Rate: The TDS rate for lottery winnings