23 November 2012
I have earned a car in a lottery game valued around 6.00 lac. TDS of Rs. 1,80,000/-has been paid by me. But the said prize was won by me after I purchased lottery tickets of Rs. 1,00,000/- (In a auction sale of unsold tickets). May I claim deduction of Rs. 1,00,000/- from my lottery income and claim refund of part TDS in my IT Return ?
CAclubindia
