TDS on Prize, Betting, Lottery Wining

TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor Winning amount needs to be more than

Winnings from lottery, cross word puzzle, card game or other game of any sort Winnings from Horse races Contracts Rs

tds on lottery income Winnings from lottery, cross word puzzle, card game or other game of any sort Winnings from Horse races Contracts Rs

tds on lottery Under Section 194B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10000 and other winnings from games