application for lottery prize claim

income tax on prizes, wherever applicable, is deducted at source and that the prize money is credited to the bank account of the prize winner

27 March 2023 Yes, the money can be transferred through normal banking channel and individual can pay income tax relief for any tax deducted

income from lottery Tax revenue from the sale of lottery tickets has been a major source of cent and removal of tax on the prize money Currently only lotteries run by

income tax on lottery income is credited or paid to any bank, any co-operative society India, Unit Trust of India, any Company, or Co-operative Society