08 September 2011
For all your question, my answer is big "No". I think tds would have been deducted, that can be claimed as credit. Net effect is neither tax is payable nor it is refundable.
08 September 2011
business loss can not be claimed against winning from lotteries. Business loss can be carried forward till next 8 assessment year and set off against business profit. No effect of claiming any deduction as there is a loss.
08 September 2011
business loss can not be claimed against winning from lotteries. Business loss can be carried forward till next 8 assessment year and set off against business profit. No effect of claiming any deduction as there is a loss.