TDS deducted for winning lottery
monojit sharma (79 Points)
24 April 2018
TDS deducted for winning lottery prize. is it refundable ? if i apply for the same
3 Replies
Sulab Filings
(Director)
(57 Points)
Replied 24 April 2018
Income tax on winnings is at 30% and there is no availability of basic exemption limit hence the TDS done will generally get adjusted with the winnings and the possibility of getting a refund is not there.
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Deepak Gupta
(4 Points)
Replied 24 April 2018
No It is not refundable but you are required to file return.
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