rate of tds on lottery winning is
Income Tax on Online Gaming in India
rate of tds on lottery winning is
website rate of tds on lottery winning is If you have won a lottery, get prepared for a huge TDS of 30 per cent This is if the amount of lottery ticket won is more then Rs 10,000 Apart rate of tds on lottery winning is TDS has to be charged at the rate of 30% if the winner is resident of India, and at the rate of 30% along with cess
rate of tds on lottery winning is Ans: In the cases where TDS has been deducted on special income like winning from lottery or horse races etc, then filing of ITR-1 and 4 is not allowed So TDS Rates Applicable for Resident of India for FY 2024-25 ; Section 194B: Income by way of lottery winnings, card games, Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,