TDS on Prize, Betting, Lottery Wining

can tds on lottery be refunded
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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 be deducted where the amount of winning from each lottery, crossword puzzle, card game, etc does not exceed Rs 10,000 2 When to Deduct No surcharge, education cess or SHEC shall be added to the above rates Hence, tax will be deducted at source at the basic rate · The rate of TDS will be 20% in

where is slot canyon 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 If eligible for a refund, the same will be processed and credited to your bank account within six months In case, where the deducted TDS amount does not show