TDS and Income Tax rates on winnings from Lottery and Game Shows
TDS and Income Tax rates on winnings from Lottery and Game Shows
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In case the person is subject to excess TDS deductions, the deductor can make claims for refund of the excess amount No TDS from Lottery Cross Word Puzzles
No, the TDS paid for winnings from lotteries and game shows are non-refundable Usually, taxpayers can claim a refund if the TDS deduction is more than can claim a refund by filing an income tax return Penalty for Non-Compliance of TDS Not following the Tax Deducted at Source deduction rules
rajabets aviator app download In this post, we will look into TDS Section 194B under Income Tax The winnings from lottery, puzzle, game, and horse races are taxed here By filing Income Tax Returns , you can claim refunds over taxes paid to the Income Tax Department Similarly, no TDS will be