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    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.

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