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TDS deducted for winning lottery
TDS deducted for winning lottery prize. is it refundable ? if i apply for the same
Replies (3)
Income tax on winnings is at 30% and there is no availability of basic exemption limit hence the TDS done will generally get adjusted with the winnings and the possibility of getting a refund is not there.
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No It is not refundable but you are required to file return.
thank you
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