tds on lottery
What is the rate of TDS applicable on winning from lotteries
tds on lottery
website tds on lottery Any money or prize you win from a game show, reality show or lottery, is subject to tax deduction at source The Income Tax Act, 1961 specifies in tds on lottery Section 194B mandates that earnings, in excess of ₹10000, from lotteries, game shows, betting, etc will attract TDS
tds on lottery , 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 Section 194B of the Income Tax Act is a provision that requires the deduction of tax at source on winnings from lotteries, Under the provision of section 194B of the IT Act, 1961 the TDS rate for any income earned by way of winnings from crossword puzzles, lotteries,
