Tax refund
This query is : Resolved
13 April 2015
I have a Query that..
My Income from Winning is 14,735 for F.Y. 2014-2015.. And that is only Income for the assessee..
And TDS is Deducted by Payer @ 30% that is 4421..
And No other income and investment made by assessee..
So what is the Net Refund To Assesse..??
13 April 2015
Even in that case, no refund will be granted.
Because sec 115BB(Winning from lotteries/games/puzzles) says the tax applicable would be irrespective of exhausting of Basic Exemption Limit.
Because sec 115BB(Winning from lotteries/games/puzzles) says the tax applicable would be irrespective of exhausting of Basic Exemption Limit.
13 April 2015
winning income have specific rate of tax. there is not refund.
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