Income Tax on Winning Lottery, Game Shows, Awards, and Prizes

Income Tax on Winning Lottery, Game Shows, Awards, and Prizes tds on winning from lottery The person responsible for paying to any person any income by way of winnings from any lottery or crossword puzzle, card game and other game of any sort in an tds on winning from lottery Offline games: TDS shall be deducted under section 194B for winnings from any betting or gambling game if the aggregate amount received in a

tds on winning from lottery Deduction of tax at source on winnings mandates that taxes are deducted before prize money is distributed to winner

tds on lottery income The person responsible for paying to any person any income by way of winnings from any lottery or crossword puzzle, card game and other game of any sort in an 194B Winnings of lotteries, puzzles, or games Aggregate of ₹ 10,000 ; 194BA Winnings from online Games - ; 194BB Winnings of horse races ₹ 10,000 ; 194C