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of <h1>Tax deduction rules change from annual to per-transaction basis for lottery gambling winnings under Clause 393(3)</h1> The Income Tax Bill 2025's Clause 393(3) and existing Section 194B both mandate tax deduction at source on winnings from lotteries, card games, gambling, and betting. Key changes include shifting from aggregate annual threshold to single transaction basis of Rs. 10,000, explicit exclusion of online games (covered separately), and requirements for tax payment before releasing prizes in kind. Both provisions maintain 30% tax rate and comprehensive coverage of cash and non-cash winnings. The new framework aims to prevent tax avoidance through transaction splitting, enhance compliance monitoring, and align traditional gaming taxation with modern digital trends while ensuring immediate revenue collection on windfall gains.
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