Liability to deduct additional surcharge on TDS on lottery Income ?

Is there any liability to deduct additional surcharge over and above the 30.90% TDS in the case of gambling winnings ?

As per the Finance Bill 2013, an additional surcharge is levied on income from gambling under Section 115BB as TDS deductions under Section 194B on amounts exceeding specified limits.

As per the Finance Bill, 2013 the following surcharge will be levied on the TDS deducted as per Section 194B:
The amount of tax so deducted shall be increased by a surcharge in the case of—
(i) every non-resident (other than a company) at the rate of ten per cent. where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds one crore rupees ;
(ii) every company other than a domestic company at the rate of two per cent. where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds one crore rupees but does not exceed ten crore rupees ;
(iii) every company other than a domestic company at the rate of five per cent. where the income or the aggregate of income paid or likely to be paid and subject to deduction exceeds ten crore rupees.

For Income Tax on gambling winnings in terms of Section 115BB the following surcharge shall be levied:

Rate of surcharge for domestic companies
Total income Up to Rs. 1 crore – Nil
Total Income over Rs. 1 crore – 5% on tax to be paid

Rate of surcharge for foreign companies
Total income Up to Rs. 1 crore – Nil
Total Income over Rs. 1 crore – 2% on tax to be paid

The provisions relating to surcharge shall be applicable w.e.f. 1st April 2013.

Oranges : Not only is the orange great to taste, 100g of this fruit only contains 47 calories which is great for someone looking for a snack while trying to follow a strict diet. It’s also sweet which will help take care of the cravings every dieter has for something sweet!

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