Section 194G mandates tax deduction at source (TDS) at 5% on ...

Lower 5% TDS on lottery commission/prizes to 2% from Oct 1, 2024 for income over Rs. 15,000.

Notes Bill

August 1, 2024

Section 194G mandates tax deduction at source (TDS) at 5% on commission, remuneration, or prize income exceeding INR 15,000 paid to persons involved in lottery ticket stocking, distribution, purchase, or sale. It is proposed to reduce the TDS rate under this section from 5% to 2%, effective October 1, 2024.

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Section 194G mandates tax deduction at source (TDS) at 5% on ...

Lower 5% TDS on lottery commission/prizes to 2% from Oct 1, 2024 for income over Rs. 15,000.

Notes Bill

August 1, 2024

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