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of <h1>Section 194B requires tax deduction on lottery winnings and gambling exceeding ten thousand rupees per transaction</h1> Section 194B of the Income Tax Act, 1961 mandates tax deduction at source on winnings from lotteries, crossword puzzles, card games, gambling, and betting exceeding ten thousand rupees in a single transaction. The payer must deduct tax at prescribed rates during payment. When winnings are wholly or partly in kind with insufficient cash component, the payer must ensure tax payment before releasing winnings. The provision excludes online games from April 1, 2023, with specific definitions provided. The section has undergone multiple amendments increasing threshold limits and expanding coverage to various gaming activities.
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