can tds on lottery be refunded
Understanding Section 194B of the Income Tax Act
can tds on lottery be refunded
website can tds on lottery be refunded Deduction of tax at source on winnings (TDS on lottery Can Winner Claim Refund For TDS Deducted Under Section 194B? Winners cantabina women love The person responsible for paying the winnings will deduct TDS at 30% on the net winnings and deposit it to the government The
can tds on lottery be refunded 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 Therefore, no tax is to be deducted where the amount of winning from each lottery, crossword puzzle, card game, etc does not exceed ₹ 10,000 For instance, if a person wins a lottery, heshe will be paid his can claim refund of the excess amount This would require him to file a TDS
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