Refund of tds deducted from prize money

This query is : Resolved

Litan dhar (Querist)
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17 April 2019 House wife - No other income - last financial year (2018-19) got one prize money from competition Rs.25000/-they deducted Rs.7500/- as TDS can I got this back as i have no other income."

CA Ankit R Momaya

CA Ankit R Momaya (Expert)
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18 April 2019 Yes, you can get the same. However, you will be required to file your Income Tax Return for the Relevant AY.

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Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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18 April 2019 The income has to be taxed at 31.20% u/s 115BB. So eligible refund is limited to
Rs.2,300 only since rebate u/s 87A can be claimed on such income/tax thereon.

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