Table [For Payments to Any person]-Winnings from Lottery, Crossword Puzzle, Card Game, Gambling or Betting

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....tax Act, 1961. Sl. No. Nature of payment Payer Rate of TDS Threshold 1 Winnings from (a) lottery; (b) crossword puzzle; (c) card game or any other game; or (d) gambling or betting of any form or nature, other than winnings from online games Any person Rates in force Rs.10,000 in case of a single transaction Scope of the provision Th....

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....t the tax has been paid before releasing the winnings. Practical distinction • Covers all winnings other than online games. • Threshold of Rs.10,000 per single transaction. • Tax at rates in force. • Special mechanism for winnings paid wholly or partly in kind.   Comparative Analysis: Section 194B (Income-tax Act, 1961) vs. ....