Question: What is the process for lottery tax filing at night in India?
Answer: In India, lottery winnings are subject to tax deduction at source (TDS) under Section 194B of the Income Tax Act. If you win more than Rs 10,000 in lottery, 30% TDS will be deducted. You can file tax returns online through the income tax e-filing portal anytime, including at night. For fax submissions, you need to download the ITR form, fill it manually, and send it to the Centralized Processing Center. However, e-filing is recommended as it\“s faster and more convenient.
Question: Can I claim lottery tax refund through fax at night?
Answer: Yes, if excess TDS has been deducted from your lottery winnings, you can claim refund through your income tax return. The process can be initiated online 24/7. While physical documents can be faxed, the acknowledgment and processing might take longer compared to digital submissions. Make sure to keep all lottery tickets and winning certificates as proof. |