Income tax and lottery winners: This is the treatment by the taxman
Income tax and lottery winners: This is the treatment by the taxman
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can tds on lottery be refunded
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Krishnan wherein that Court had taken the view that even bonus received by lottery distributor which is 10% of the prize money
No, as per Section 194B you will not be eligible for a refund Should tax be deducted under Section 194B According to CBDT, TDS will not be applicable in this situation Valuation of Net Winnings Unless the online gaming intermediary has already
poker room casino niagara If a person has a larger TDS deduction than their tax due for an assessment year, they are eligible to get a refund However, lottery prizes are When a person files IT return with total income, the tax gets calculated and the excess amount, if any out of TDS gets refunded on completion of