Tax

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JITENDER SINGH BISHT

JITENDER SINGH BISHT (Querist)
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29 October 2015 If i won 200000 amount in lattery .so i need to file return

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 October 2015 To get refund of TDS deducted you have to file return.

CA AnKiT BoHrA (AB)

CA AnKiT BoHrA (AB) (Expert)
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29 October 2015 If you don't have any other income..and you want refund..file return

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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29 October 2015 @ Queriest

You have to file the return since entire 2 lakhs is your taxable income.If you have NO other income, no need to pay tax since the tax payable on lottery income will be deducted at source.

@ experts

TDS rate (194B) on lottery income and the special rate as per section 115BB are same. Hence question of REFUND doesn't arise.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 October 2015 I agree with the above reply. Thank you Mr. Chackrapani Warrier for correcting our reply.