The taxpayer cannot claim any refund of the TDS deducted on such income.Income Tax on such income is at a flat rate of 31.2% and thus the taxpayer cannot claim benefit of basic exemption limit and slab rates.The taxpayer cannot claim any expenses against such income.The taxpayer cannot claim deductions under chapter VI-A such as Sec 80C, 80D, 80G etc for such income.If a taxpayer has income from winning a lottery, puzzle, card game, gambling, etc, here are important provisions applicable: Special Provisions for tax on winning lottery, puzzle, game show, horse race From Crosswords, Codewords, Wordsearch, Kriss Kross to Link-a-Pix, Spot The. For eg: Due Date to file ITR of FY 2020-21 (AY 2021-22) is 31st July 2021. Game Show Network has renewed the crossword puzzle show People Puzzler.
Due Date – 31st July of the Assessment Year.The taxpayer should file ITR-1 (if income is upto INR 50 lacs) or ITR-2 (if income exceeds INR 50 lacs) on the Income Tax Website. ITR Form: Winnings from lottery, puzzles, betting etc is treated as Income from Other Sources.If the income exceeds INR 10,000 during the financial year, the horse race organiser is liable to deduct TDS at 31.2% at the time of making the payment. TDS under Section 194BB is applicable on income from activity of owning and maintaining horse races. If the income exceeds INR 10,000 during the financial year, the prize distributor is liable to deduct TDS at 31.2% at the time of making the payment. TDS under Section 194B is applicable on income from lottery, betting, gambling etc. Particularsįind the best plan Explore TDS on prizes & winnings
She has invested INR 1.5 lakhs in Section 80C and also paid INR 25,000 as medi-claim. She also has Fixed Deposit Interest income of INR 1 lakh. Exampleĭivya won a lottery and received INR 5 lakh in cash and a diamond ring worth INR 1 lakh. If the prize is received in kind, tax is calculated at the market value of the item received. The income would be taxed at flat 30% without considering tax slab rates. After adding the health & education cess of 4%, the effective tax rate is 31.2%. Tax on lottery winning, crossword puzzles, card games, etc is at flat rate of 30%. Tax Rate on winning lottery, puzzle, game show, horse race Income from betting, gambling, sports events, horse race etc are all taxable incomes
Crosswords gameshow free#
The show has been adapted on Turkey’s TRT Okul for 5 Seasons and was recently renewed in Slovenia, where the first season last year allowed the access primetime slot to increase its market share by 120%! The format was also adapted in Switzerland for RTS and will soon start to air as a daily in Greece. Welcome to the free mini crossword puzzles by the Los Angeles Times. Ratings are so strong that France 3 decided to switch SLAM to a more strategic slot (later in Access), allowing the show to reach an average of 14% of market share when the channel’s average is 9.5%! In the final, the best contestant is given 5 letters (from choosing randomly among 8 figures) that then appear in a 7 crossword grill with a common theme. For 30 exciting minutes, three contestants compete to fill in a crossword grid, but the opportunity goes to the one who can answer first a unique kind of question: whatever that question is, the answer is always just a single letter! But any contestant can SLAM at any moment: decide to block the 2 other contestants and try to finish the crossword on his own without any clue. Simple yet very addictive, Slam is a clever format that mixes crosswords with trivia questions.
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