TDS Rates Chart: Plan Your Investments Wisely
TDS Rates Chart: Plan Your Investments Wisely
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,
Section 194G deals with TDS on of payment of lottery commission, remuneration or prize Though both the sections deal with winnings from lottery 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
how much is the lottery to play If you have income from winning a lottery, crossword puzzle, card game, gambling, betting, or horse race, TDS is deducted under Section 194B or 194BB if the Section 194B Income by way of winnings from lotteries, crossword puzzles, card games and other games of any sort 30 ; Section 194BB Income by way of winnings
