Section 194B & 194BB - TDS on Lottery, Puzzle, Horserace

Section 194B & 194BB - TDS on Lottery, Puzzle, Horserace 194b Rate of TDS us 194B & 194BB of Income Tax Act The payer shall deduct tax at the rate of 30% under Sec 194B from the money paid for winnings from the lottery, 194b TDS us 194B is liable to be deducted at the rate of 30% No surcharge or cess shall be added to TDS rates However, if the amount of winning is

194b Year-wise Tax Deducted at Source Deducted US 194B of the Act by All Types of Deductors form 2019-20 to 2021-22

194b Section 194B of Income Tax Act · Winnings from lotteries, quiz shows, card games, internet gambling, and dancing contests are subject to tax Hence, Sec 194B requires deduction of tax at source at the rate of 30% from winnings of lotteries, cross word puzzles or card games or other