CA Shivprasad Sakhare posted on the topic

tds on lottery
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Winnings from lotteries or crossword puzzles are subject to Tax Deduction at Source under sections 194B and 194G of the Income Tax Act

All the deducted TDS gives you tax credits and reduces your tax liability So, for example, if you end up paying 30% TDS on a lottery payment of Rs 300,000 Hi Everyone Today's blog is AboutSection 194B & 194BB

pennsylvania lottery winning number Rate of TDS us 194G A 5% tax deduction will be made at the source for such income No additional taxes, such as surcharges or cesses, will be Assessee in default: TDS: Ss 194B and 201: A Ys 2001-02 and 2002-03: Non-deduction of TDS from lottery winnings in kind: Assessee not in default: Not liable