If any amount is received as a result of winnings in lotteries, word games, card games, online games or games of any similar nature, the person responsible for making the payment shall deduct tax at the rate of 20% (twenty percent) at the time of such payment.

Explanation.—For the purposes of this section, the expression “any amount” means the value of any goods or property where the payment on account of such winning is made to the winner’s account in cash or in the form of asset.