Section 194B: TDS on Winnings from Lottery, Game Shows etc…
TDS shall be deducted on winnings from lottery, game shows and puzzles by the prize distributor. 1. Applicability: Winning amount needs to be more than Rs 10,000 2. Deductor: Prize distributor can be any person and shall deduct the TDS at the time of payment 3. TDS Rate: TDS at a flat rate of 30%…