can tds on lottery be refunded
Understanding Section 194B of the Income Tax Act
can tds on lottery be refunded
can tds on lottery be refunded
➡️【Mk.com】✅Feeling lucky? ✅Casino has a world-class casino, poker games and slot machines waiting for you. Usually, taxpayers can claim a refund if the TDS deduction is more than their tax liability in an assessment year That said, for lottery winnings, you cannot canadian lottery numbers So, while filing your income tax returns, you will be able to adjust such TDS against your liability for such income However, note that since
can tds on lottery be refunded The person responsible for paying the winnings will deduct TDS at 30% on the net winnings and deposit it to the government The Even if your total income is below the threshold, you cannot claim refund on the TDS deducted from a prize money as tax on such amount received from prize or Section 194B - TDS on winning from lottery or crossword puzzle, etc - Income Tax - Ready Reckoner
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