Income tax · winnings
The personal tax chip is labelled Lottery and prize tax (194B). Internal audit copy names sections 194B and 194BB. No rate is stated here.
The internal audit services page says section 194B and 194BB cover winnings from lottery, crossword, and horse races. Section 194G covers TDS on lottery and commission on lottery tickets on the section 194G page.
Form 26AS shows the tax credit in the return flow. This chip page does not state a TDS rate.
The internal audit services page says section 194B and 194BB cover winnings from lottery, crossword, and horse races. It also names section 194G for lottery commission. This chip page does not state rates.
The filing table lists bank interest and dividend under ITR-1 other sources. It does not name lottery winnings on that row.
No. The published pages do not state a percentage for section 194B on this chip page.
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