πŸ’ TDS under section B on winning from Lottery

Most Liked Casino Bonuses in the last 7 days πŸ’°

Filter:
Sort:
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

Ans. Taxes on Poker Winnings will taxable at 30% as a highest tax bracket. Q- Can income tax deducted from.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

If the Prize money exceeds Rs 10,, then the winner will receive the prize money after the deduction of TDS @% u/s prikol-besplanto.fun does not matter whether the.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

If out of winning amount of lottery, etc., any bonus or commission is paid/payable to lottery agents or sellers of lottery tickets, or sales made by them, no income tax​.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

If the Prize money exceeds Rs 10,, then the winner will receive the prize money after the deduction of TDS @% u/s prikol-besplanto.fun does not matter whether the.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

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 games, lotteries etc.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

Under the provision of section B of the Income Tax Act, TDS will be deducted if the prize money to be paid or payable in case of winnings.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

This section imposes an income tax at a flat rate of 30%. Further, the provisions of TDS are applicable on it. Section B and BB deals with TDS on such.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

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 games, lotteries etc.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

Section B: Income by way of winnings from lotteries, crossword puzzles, or a HUF who are not liable to deduct TDS under section C, H, or J.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

πŸ’

Software - MORE
A7684562
Bonus:
Free Spins
Players:
All
WR:
50 xB
Max cash out:
$ 500

Under the provision of section B of the Income Tax Act, TDS will be deducted if the prize money to be paid or payable in case of winnings.


Enjoy!
Valid for casinos
Visits
Likes
Dislikes
Comments
income tax tds 194b

Member Since : 27 Feb Total Posts : View Full Profile. Section A: TDS on interest other than interest on securities. July 20, at am. View More Published Posts. In order to submit a comment to this post, please write this code along with your comment: f30efe17dbe4e6d6ced3b8cde. July 18, at pm. Cancel reply Leave a Comment Your email address will not be published. Understanding the scope of Section BB β€” Any bookmaker or the person to whom Government has granted a licence for horse racing in any race course or for arranging for gambling or betting in any race course is liable to deduct TDS while making payment of the winning amount. Your email address will not be published. Section LA: Payment of Compensation on acquisition of certain immovable property. When the winning amount is payable in kind or is partly payable in cash and partly in kind. Concept and Tax effect of Switching in Mutual Funds. User Menu. Latest Posts. Section SU Acceptance of payment through electronic modes. Income Tax Articles. Post Comment. Newsletter Join our newsletter to stay updated on Taxation and Corporate Law. What percentage of TDS is deducted? Winnings from a lottery, crossword puzzle, card game, and any other game is covered within the scope of section B. Notice: It seems you have Javascript disabled in your Browser. Brief notes on Income from other sources. Section D β€” TDS on insurance commission. Dayanand Thakur says:. Name : CA Sandeep. Yes, the income from horse racing is taxable, and if the winning amount from horse racing exceeds INR 10,, the winner will receive the winning amount after TDS deduction. Indexation of Inherited Property. Popular Posts. Set off and carry forward of losses of Specified Business Section 73A. July 19, at am. Section TDS on payment of any other sum to a non-resident.{/INSERTKEYS}{/PARAGRAPH} Is income from horse racing taxable? Featured Posts. Section β€” TDS on dividend. Section β€” TDS on Salary. {PARAGRAPH}{INSERTKEYS}Section B contains provisions relating to deduction of TDS on winnings from lottery or crossword puzzle or any other game. July 19, at pm.