Urgent attention : Possible 30% TDS on FNO trading

tds on lottery income
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Section 194B of the Income Tax Act mandates a % TDS on winnings exceeding ₹10,000 from lotteries, game shows, and other sources

Any award or lottery based on participation fee and chance is subject to TDS under section 194B of the Income Tax Act, 1961 However,

tds on lottery income If you are making specific payments mentioned in the Income Tax Act, you must deduct TDS when making those payments Individuals or HUFs whose

tds on lottery As per section 194B of the income tax act, all the winnings over and above Rs 10,000 will be subject to a TDS of 30% With cess and surcharge,