Section 194B - TDS on winning from lottery or crossword puzzle, etc.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....zle or card game and other game of any sort or from gambling or betting of any form or nature whatsoever  Deductee - Any person Time of Deduction - At the time of payment. Where lottery or prize money etc. is paid in installments, the deduction of tax is to be made at the time of actual payment of each such installments. Rate of TDS - 30%. No surcharge, education cess shall be ad....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... explanation (ii) to section 2(24)(ix) 'card game and other game of any sort' includes any game show, an entertainment programme on television or electronic mode, in which people compete to win prizes or any other similar game. * No TDS shall be deducted on bonus or commission paid to agents:- If out of the winning amount of lottery etc. any bonus or commission is paid to lottery agents ....