Tax

This query is : Resolved 

29 October 2015 If i won 200000 amount in lattery .so i need to file return

29 October 2015 To get refund of TDS deducted you have to file return.

29 October 2015 If you don't have any other income..and you want refund..file return


29 October 2015 @ Queriest

You have to file the return since entire 2 lakhs is your taxable income.If you have NO other income, no need to pay tax since the tax payable on lottery income will be deducted at source.

@ experts

TDS rate (194B) on lottery income and the special rate as per section 115BB are same. Hence question of REFUND doesn't arise.

29 October 2015 I agree with the above reply. Thank you Mr. Chackrapani Warrier for correcting our reply.



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