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of <h1>Finance Bill 2025: Tax Deduction on Lottery and Gambling Winnings Over Rs. 10,000 Now Applies to Single Transactions</h1> Section 194B of the Finance Bill 2025 mandates that income tax must be deducted at the time of payment for winnings from lotteries, crossword puzzles, card games, or any form of gambling if the amount exceeds Rs. 10,000. The proposed amendment removes the threshold condition on the aggregate of amounts, applying it to a single transaction instead. This change is set to take effect on April 1, 2025.
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