Section 194G Income Tax- TDS on Lottery Winnings

the rate of tds from winning from lottery
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The entire amount received will be taxable at the flat rate of % The award winner would have Rs crores in their bank account after

Ans: In the cases where TDS has been deducted on special income like winning from lottery or horse races etc, then filing of ITR-1 and 4 is not allowed So

the crypt slot 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,

the natinal lottery Regarding the rate of TDS under Section 194B, it stands at 30% of the actual winning amount or value After factoring in the surcharge and cess,