lottery tds section
RATES OF TDS APPLICABLE FOR FINANCIAL YEAR 2021-22 OR
lottery tds section
website lottery tds section Who is liable to Deduct TDS from winning from Lottery, Card Games etc Under Section 194B The person responsible for paying to any person any income by way of lottery usa florida The TDS of % is a flat tax on the winning amount; it will not be added to your income and you will not be able to benefit from your income tax rate slab
lottery tds section Section 194B of Income Tax Act 1961 states that if a person earns any income by winning lottery, games, puzzles, etc, and Section 194 BB in Rate of TDS us 194B & 194BB of Income Tax Act The payer shall deduct tax at the rate of 30% under Sec 194B from the money paid for winnings from the lottery, While calculating taxes, he can utilise the credit of TDS deducted us 194B in this regard to set-off the tax payable Note: No deductions under chapter VI A or
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