Tds on prize won from running competition - Income Tax
Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,
TDSTCS PROVISIONS AND COMPLIANCE INCOME TAX tds on lottery income
➡️【Mk.com】✅Casino, players can choose from a variety of games, ✅ from classic casino games such as slots and blackjack to more unique games...✅ Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries, tds on lottery
In case lottery, prize money etc is paid in installments, TDS is to be deducted at the time of payment of each such installment 194BB winning
tds on lottery income TDS is deducted from the payments made by the individuals as per Income Tax Act Various types & rates of TDS deduction are present
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