The person responsible for paying any income by way of winnings from lottery an amount exceeding ₹10,000, shall deduct

CS Executive · Tax Laws and Practice · PYQS · December 2015
The person responsible for paying any income by way of winnings from lottery an amount exceeding ₹10,000, shall deduct
(A) TDS @30%
(B) TDS @30.9%
(C) TDS @10%
(D) No TDS.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Income Tax Act, 1961

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