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        Bills

        Section 194B - Winnings from lottery or crossword puzzle

        1 February, 2025

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        Union Budget 2025-26 (Full) + Finance Bill, 2025

        Section 194B - Winnings from lottery or crossword puzzle

        Section 194B of the Act requires that any person responsible for paying to any person any income by way of winnings from any lottery or crossword puzzle or card game and other game of any sort or from gambling or betting of any form or nature whatsoever, being the amount or the aggregate of amounts exceeding Rs. 10,000/- during the financial year shall, at the time of payment thereof, deduct income-tax thereon at the rates in force

        2. It is proposed to remove the condition of threshold applying on aggregate of amounts exceeding Rs. 10,000/- and to now instead apply in respect of a single transaction.

        3. This amendment will take effect from the 1st day of April 2025.

        [Clause 54]

         

        Full Text:

        Union Budget 2025-26 (Full) + Finance Bill, 2025

        Tax deduction on lottery winnings now triggers per single transaction rather than by annual aggregation. The Finance Bill, 2025 amends Section 194B to remove the aggregate-year threshold and instead require tax withholding on each single transaction that exceeds the statutory threshold, changing the trigger for deduction from annual aggregation to per-transaction basis; this amendment takes effect from 1 April 2025 (Clause 54).
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Tax deduction on lottery winnings now triggers per single transaction rather than by annual aggregation.

                              The Finance Bill, 2025 amends Section 194B to remove the aggregate-year threshold and instead require tax withholding on each single transaction that exceeds the statutory threshold, changing the trigger for deduction from annual aggregation to per-transaction basis; this amendment takes effect from 1 April 2025 (Clause 54).


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