Ask Money Today: How is lottery prize taxed?

Money earned as lottery or awards In case extra deduction done than the required tax amount, in that case, the taxpayer will be eligible for a TDS refund, if

The recipient has to furnish them with the PAN card In case the one is not liable to tax, the refund of this tax deducted can be claimed by filing an income

can we withdraw money from winzo to fampay A flat rate of 30% will apply to this income, so you will not be able to claim any refund of the Rs 3000 TDS deducted

can a lottery annuity be inherited The rate of TDS will be 20% in all cases, if PAN is not quoted by the Payment of Advance Tax and Refund of Tax · Return of Income and Procedure of