Lottery winning
Lottery winning
Regular
price
129.00 ₹ INR
Regular
price
Sale
price
129.00 ₹ INR
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per
tds on winning from lottery Dan tds on winning from lottery
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Show it under the head income from other sources yes you have to pay Tax if TDS is not deducted , add above winning Amount in your ITR and Pay tax
Section 194B and Section 194BB of the Income Tax Act pertain to the deduction of tax at source on winnings from lotteries, crossword puzzles, Deduction of tax at source on winnings mandates that taxes are deducted before prize money is distributed to winner
bhagavathi lottery agencies thiruvananthapuram It is applicable on winning fromlotteries,crossword puzzles,card game and other game of any sort, races including horse races,Cutoff is Rs Even if your total income is below the threshold, you cannot claim refund on the TDS deducted from a prize money as tax on such amount received from prize or