TDS on Prize Money to Winning Players

Hi Sir,

1) Yes, TDS under section 194B is applicable on casual incomes like winnings from lotteries, crossworld puzzles,any game of chance, etc., @ 30%, if the amount is more than Rs 10,000/-.

2) Payer is required to deduct TDS at the time of payment and the payee can get the TDS adjusted on his tax liability at the time of filing of his Return of Income.

Thanks
CMA Arun Kumar S V
B.Com, ACMA

If it online, TDS deducts without limit