Tax on Lottery Winnings in India Section 194B of IT Act

Tax on Lottery Winnings in India Section 194B of IT Act can tds on lottery be refunded Can TDS on a lottery tax in India be refunded can we withdraw money from winzo to fampay The current rate of TDS under section 194B is 30% This means that if a person wins Rs 15,000 from a lottery or a card game, the person

can we withdraw money from winzo to fampay You can get the refund of additional tax only after filing your income tax return for that particular years In other words, there is no other

cancer lucky numbers 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 can win lottery prize does not involve any business Therefore income by way of winnings from lottery is always income from the source