TDS on gambling winnings now applies per single transaction, requiring deduction when a single payment exceeds the threshold. The amendment requires tax to be deducted at source on winnings from lotteries, puzzles, games and gambling when the amount exceeds ten thousand rupees in ... Summary
TDS on gambling winnings now applies per single transaction, requiring deduction when a single payment exceeds the threshold.
The amendment requires tax to be deducted at source on winnings from lotteries, puzzles, games and gambling when the amount exceeds ten thousand rupees in respect of a single transaction by removing the previous aggregation "during the financial year" requirement; the change takes effect from 1 April, 2025.
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