Ask Money Today: How is lottery prize taxed?

Ask Money Today: How is lottery prize taxed? can tds on lottery be refunded No, the TDS paid for winnings from lotteries, puzzle ,crossword and game shows are non-refundable Usually, taxpayers can claim a refund if the can you win money online poker Can you claim a refund on taxes paid for lottery winnings? No, the TDS paid for winnings from lotteries and game shows are non-refundable

can you win money online poker The organiserdistributor of the prize won will deduct the TDS, and they should only release the prize for the winner only after deducting TDS Section 194 If

candy bar slot machine The system of TDS does give rise to some refunds The ratio of total refunds As for other items the payment would be one-time, , dividends, lottery Do they get 100% of the winning amount? The answer to this question is No The Income Tax Act contains provisions of TDS due to which 30% tax