CA Shivprasad Sakhare posted on the topic

Generally, the winner will receive the prize money after TDS at % us 194B is deducted That means the prize distributor will deduct the applicable tax on

TDS Rates ; Section 194 B · Rs 10,000 30% prize money earned from lottery or and any winning in gaming ; Section 194BB, Rs 10,000 30% of prize money from horse

rate of tds on lottery winning is Section 194G of the Income Tax Act, 1961 lays down the provisions for deduction of TDS at the rate of 5% when there is receipt of: Commission;; Remuneration; or

hendon mob poker The applicable rate of TDS shall be 30% at the time of withdrawal of such winning amount “Any Person” here means