Section 194B & 194BB - TDS on Lottery, Puzzle, Horserace
Section 194B & 194BB - TDS on Lottery, Puzzle, Horserace
tds on lottery income
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The Cochin Bench of Income Tax Appellate Tribunal in the case of V K Peringanam v Income-tax Officer held that where no
Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources
tds on lottery income Offline games: TDS shall be deducted under section 194B for winnings from any betting or gambling game if the aggregate amount received in a
tds on winning from lottery Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources