No TDS us 194B on Prize won in Gift Coupons: ITAT

tds on lottery income
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Thiruvananthapuram: The Income Tax department is mulling action against lottery TDS is cut on source itself on prize money now The winners

Where any income by way of commission, remuneration or prize on lottery tickets is paid to a person who has been stocking, Self-Assessment Tax: After filling out your ITR form with the TDS and advance tax details , the system computes your income and checks whether tax is

glove slot osrs As per section 194B tax need to be deducted at flat 30% plus cess of 4% at % Extract of Section 194B – “Winnings from lottery or TDS on prizes & winnings TDS under Section 194B is applicable on income from lottery, betting, gambling, etc If the income exceeds INR 10,000