Income Tax on winnings from Lottery, Game Shows, Puzzle

tds on lottery income
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Winnings from lotteries, quiz shows, card games, internet gambling, and dancing contests are subject to tax withholding under Section 194B

What are the TDS rates? ; Sec 194 G · Commission on sale of lottery tickets, 10 ; Sec 194H, Commission or Brokerage, 5 ; Sec 194-I, Rental Income received, 2 (from Section 194G deals with TDS on commission on sale of lottery tickets In this article, we will discuss section 194G of the Income Tax act

dan bilzerian playing poker Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act  Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources