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Ms Chhavi Rajput
On 2/7/19, 1:27 AM

Yes, such winnings are liable to flat rate of tax at 30% without any basic exemption limit. In such a case the payer of prize money will generally deduct tax at source (i.e., TDS) from the winnings and will pay you only the balance amount.


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Asked: 2/7/19, 1:27 AM
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Last updated: 2/7/19, 1:27 AM