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lottery tds section

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lottery tds section

website lottery tds section 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 switzerland TDS Rate under section 194BB is 30% plus surcharges The deduction is made at the time of payment If the prize is paid in installments, a TDS

lottery tds section Section 194B deals with income by way of winning from lottery or cross-word puzzles Lottery is not defined in the Act According to per him, as per the  If the person received any income from the sale of lottery tickets in Section 194G then TDS will be deducted if the amount exceeds   Section 193 - No exemption from TDS on interest from listed debentures TDS must be deducted on interest earned from such specified securities Section 194N -

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