TDS on Prize, Betting, Lottery Wining

Section 194G: TDS on Commission on Sale of Lottery Tickets lottery tds section Section 194B - TDS on winning from lottery or crossword puzzle, etc - Income Tax - Ready Reckoner lottery ticket morning Any award or lottery based on participation fee and chance is subject to TDS under section 194B of the Income Tax Act, 1961 However,

lottery extreme 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