Tds on wining lottery
JITENDER SINGH BISHT (ACCOUNTANT) (60 Points)
26 August 2018so I can claim that tds refund amount 30900/- through itr 1 , my salary income is Rs.240000/-
JITENDER SINGH BISHT (ACCOUNTANT) (60 Points)
26 August 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 27 August 2018
Tds amount should be adjusted against mandatory tax liability over winning lottery income u/s. 115BB of IT act, which is same as TDS deducted in your case.
So, net refund will be nil; but you need to mandatorily file return.