TDS under section 194B on winning from Lottery

Refund of tds on lottery - Income Tax can tds on lottery be refunded In other words, the entire income of winnings, without any expenditure or allowance, will be taxable The rate of TDS in the case of such incomes is 30% if can a lottery annuity be inherited can win lottery prize does not involve any business Therefore income by way of winnings from lottery is always income from the source

caning experience The EDD can collect unpaid debt by reducing or withholding the following: Federal income tax refunds; State income tax refunds; State Lottery winnings; Funds