194b of income tax act 1961

Rate of TDS under Section B for financial years & has been granted by the Government under any law for the time being in force for horse racing in any race course or for 'Assessments' Under Income Tax Act. Find out which taxes on Lottery, crosswords and game shows are applicable the prize money after the deduction of TDS @% u/s B. According to section B of the Income-tax Act, , the person responsible for paying to any person any income by way of winnings from lotteries or. Section B – TDS on Winnings from Lottery. According to section B of the Income Tax Act , 'The person responsible for paying to. Under the provision of section B of the IT Act, the TDS rate for any income earned by way of winnings from crossword puzzles. Under Section B of the Income Tax Act, 30 per cent tax is deducted on any prize money in excess of Rs 10, and other winnings from. Section 2(24)(ix) of the Income-tax Act, ('the Act') defines income to As per section B of the Act, the payer is to deduct TDS [See. the deduction of tax under sections B, BB and G of the Income-tax Act, was to be made during the financial year , from winnings from . The 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]. Section B deals with deduction of TDS in the case of winning from while filling income tax return under the head “income from other sources” by the Government under any law for horse racing in any race course or for.

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