Home Ministry wants all lottery prize payments to be made via
Home Ministry wants all lottery prize payments to be made via
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tds on lottery income Dan tds on lottery income
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The TDS on lottery winnings, card game winnings, TV programme winnings, crossword puzzle winnings, and other game winnings are covered in
TDS on prizes & winnings TDS under Section 194B is applicable on income from lottery, betting, gambling, etc If the income exceeds INR 10,000 File ITR-4 Online FAQs · winnings from lottery; · activity of owning and maintaining race horses; · income taxable at special rates us115BBDA or Section
mide-748 Thiruvananthapuram: The Income Tax department is mulling action against lottery TDS is cut on source itself on prize money now The winners Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources