CA rahul (BCOM(H) ACA) (725 Points)
02 January 2012one of my friend being a student received electronic aplicance on the basis of lottery draw . now company demended tds on lottery prize , my question is that such tds amount can be claimed as refund given the fact that such such does not have any other income
CA Neil Ganatra
(Partner - Gautam Joshi & Co.)
(871 Points)
Replied 05 January 2012
Yes of course you can claim it. If your friend does not have any other income then this price of this gift only will be his income and he can claim credit of that.
CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 05 January 2012
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
