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In India, lottery winnings are subject to Tax Deducted at Source （TDS） under Section 194B of the Income Tax Act. This tax is deducted at a rate of 30% if the prize amount exceeds Rs 10,000. Many people wonder if this TDS can be refunded. Generally, TDS on lottery winnings is not refundable as it is considered a final tax on the income from such winnings. However, if the total income of the individual falls below the taxable limit after including the lottery winnings, they can file an income tax return to claim a refund of the excess tax paid, including TDS. It is important to maintain proper documentation and consult a tax advisor for accurate guidance based on individual circumstances. |
