Understanding Section 194B of the Income Tax Act

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Initially, the lower threshold of was applicable for deducting TDS under Section 194BA However, currently, TDS is deducted at 30% on net

Winnings from Lottery or crossword puzzles, 194B, 30%, Rs 10,000 Section under which TDS to be deducted Interest other than interest Initially, the lower threshold of was applicable for deducting TDS under Section 194BA However, currently, TDS is deducted at 30% on net

triple twister slot Any award or lottery based on participation fee and chance is subject to TDS under section 194B of the Income Tax Act, 1961 However, Applicability of provision of Section 194G Section 194G of the Income Tax Act, 1961 lays down the provisions for deduction of TDS at the rate of 5% when there