Taxability
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2011
AN INDIVIDUAL IS HAVING ONLY LOTTERY INCOME OF RS 10000. TDS OF 3000 IS DEDUCTED. SINCE HE HAS NO OTHER INCOME, WILL HE GET REFUND OF TAX DEDUCTED AS HE HAS INCOME BELOW EXEMPTION LIMIT?
13 October 2011
Will not get refund.
13 October 2011
No he will not get the refund for the tds deducted on income from lottery.
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 October 2011
Can anyone explain further what is procedure and why he will not get refund????
14 October 2011
Pl read section 115BB of the Income tax Act,1961 in www.incometaxindia.gov.in
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