Refund of tds on lottery
This query is : Resolved
24 December 2015
Should TDS From Prize Money Be Refunded To A Person Having No Taxable Income?
24 December 2015
No, because tax rate for section 115BB(i) and 194B are same ie., 30 %.
01 December 2016
Even if lottery winner have not other taxable income, TDS which will have to be deducted u/s 115BB(1) @30% on lottery winning prize money will not be refunded in any case.
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