Online Gamers should watch out for new TDS, income tax provisions

Section 194B of Income Tax Act: TDS Rates & Calculations tds on lottery income Senior Citizen Rs • Others Rs 10 - - 20 194-B Income by way of winnings from lotteries, crossword puzzles, card games and other tds on 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

tds on winning from lottery Where any income by way of commission, remuneration or prize on lottery tickets is paid to a person who has been stocking,