I won a cash prize of 3 lakhs from an national level technical event last year during my collage final year and tds was deducted at a rate of 30%. Can I get refund of the tds being deducted, if I fill ITR and my basic income falls below taxable slab. Also, if I add up the income and the cash prize received I would be falling below the tax slab.
So can I get the tds refunded?
CAclubindia
