What is the TDS that is applicable on winning lottery and horse racing?
Where any income by way of commission, remuneration or prize on lottery tickets is paid to a person who has been stocking,
TDS Rates Chart in India - lottery tds section
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As per Section 194B, a person responsible for paying winnings of lotteries, crossword puzzles and other similar games must deduct income tax
lottery sambandh 1_00 baje ka Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources
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