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can tds on lottery be refunded

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can tds on lottery be refunded

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can tds on lottery be refunded

website can tds on lottery be refunded can win lottery prize does not involve any business Therefore income by way of winnings from lottery is always income from the source cancel postcode lottery direct debit What is TDS refund It is getting back excess tax that has been deducted at source TDS refund can be granted if the expected investments

can tds on lottery be refunded It is important to verify and ensure that any income on which TDS has been deducted is not missed in your income tax return You can download  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   In the case of winnings from horse races, TDS will be applicable if the amount exceeds Rs 10,000 TDS Rate: The TDS rate for lottery

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