rate of tds on lottery winning is
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rate of tds on lottery winning is
rate of tds on lottery winning is
➡️【Mk.com】✅अभी पंजीकरण करें - 24 घंटे खुला✅कैसीनो। अपने सभी पसंदीदा स्लॉट, ब्लैकजैक, रूलेट, बैकारेट खेलें... ✅ TDS Rate under section 194BB is 30% plus surcharges The deduction is made at the time of payment If the prize is paid in installments, a TDS rated slot If the winning amount is disbursed in installments, TDS is deducted on each installment at a proportionate rate Regarding the rate of TDS under
rate of tds on lottery winning is TDS is basically a spot tax, deducted from the actual source of income The same is described in the indirect tax section of Income tax Act 1961 TDS Incidence According to the rules of Section 194B194BB of the Income Tax Act, TDS must be subtracted from wins before distributing them to TDS Rate Chart for FY 2023-24 ; 194B, Income from lotteries, crossword puzzles, card games and any other games involved in gambling or betting, 10%