Section 194B of Income Tax Act, 1961 - TDS

tds on lottery
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TDS Rates ; Payment of accrued fund balance, @10%, Section 192A ; Income from Prize money on lotteries, card games, crossword Puzzles or games within the ambit of

If the person received any income from the sale of lottery tickets in Section 194G then TDS will be deducted if the amount exceeds  Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act

top prizes left on lottery scratch cards Section 194B of the Income Tax Act is a provision that requires the deduction of tax at source on winnings from lotteries, , No, the TDS paid for winnings from lotteries and game shows are non-refundable Usually, taxpayers can claim a refund if the TDS deduction is more than