📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    The person responsible for paying any income by way of

    winnings from lottery an amount exceeding ₹ 10,000, shall deduct
    A TDS @ 15% Correct Answer Incorrect Answer
    B No TDS Correct Answer Incorrect Answer
    C TDS @31.2% Correct Answer Incorrect Answer
    D TDS @30% Correct Answer Incorrect Answer

    Solution

    The person responsible for paying any income by way of winnings from a lottery in India, an amount exceeding ₹10,000, is required to deduct TDS (Tax Deducted at Source) at a rate of 30% as per the prevailing tax laws.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call