Claiming tds against card game (194b section)

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Anil Talluri (Querist)

18 January 2017 Hi all,

Classic rummy has deducted 16k as tds, where as I didnt pay any tax upto now. So I dont have idea how to claim that amount.

Whatever I deposited amount, I done it with credit card and even I lost more than winning amount. So I cant even think of losing this money .Im residing in rented house and my sal is of 2.52LPA

Request someone to let me know way to claim that amount.

Anil Talluri

Anil Talluri (Querist)

19 January 2017 can anyone please answer me reg this

Anand

Anand (Expert)

23 January 2017 On what have they deducted TDS? Did you win anything?
I think you can file a return in ITR4. THis will be part of speculation business.
Please document your loss. if this pertains to FY 2015-16, Since time limit for filing return has lapsed you will not get carry forward of loss but you will be able to claim refund of tax deducted.
if it is pertaining to FY 2016-17, file return BEFORE due date so that you get carry forward loss and also claim the TDS thereon.

Anil Talluri

Anil Talluri (Querist)

13 March 2017 Dear Anand,

Thanks for your reply. They have deducted TDS 30% based on 194B section act which is basically on winnings from card game. As I said in the earlier post I've lost more than gaining from this website with which I'm out of finance control as I even couldnt able to pay my credit card dues also. I've won in 3 to 4 games where this tax has been taken by this rummy website. I've got this tax in November 2016 & December 2016, So I dont whether it comes under FY 2015-16 or FY 2016-17

Please suggest me in claiming this amount with which even I can close my credit card dues under settlement

Anand

Anand (Expert)

14 March 2017 1. This pertains to FY 2016-17, the due date of which would either be 31st July or 30th September depending on the other sources of income.

2. Please claim the TDS amount by filing your return within due date. Document the loss from speculation. However, make sure that the TDS deducted is appearing in your Form No. 26AS otherwise you will not get the refund. For this your PAN should be with the person deducting.

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Anil Talluri

Anil Talluri (Querist)

15 March 2017 Thanks you have given strength for me that I might get this TDS amount. However I just had few doubts in your reply that I couldnt able to understand

1.depending on the other sources of income.
2.Document loss from speculation

Request you to be detailed about above 2 points

and what are the documents required for YDS filing

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