Income from lottery / winning (dream11) from 194b

This query is : Resolved

Bahubali (Querist)
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16 June 2018 i have salary income Rs.150000/- PA
and I got Rs. 150000/- winning prize from Dream11 - after deduction tds of Rs. 46350/- I have received Rs.103650/-

Total My income is Rs. 300000/- PA. can i claim full tds amount

RAJA P M

RAJA P M (Expert)
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16 June 2018 Yes... If You don't have any Taxable Income after computation...

Ashiwini Ballodia

Ashiwini Ballodia (Expert)
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17 June 2018 Dear Raja P M Sir, As per me lottery income is taxable at a flat rate of 30% without giving any basic exemption limit

Nikhil Kaushik

Nikhil Kaushik (Expert)
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17 June 2018 no refund due in this case...you won't be eligible even for the rebate for income below 5 lakhs

Bahubali

Bahubali (Querist)
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18 June 2018 Nikhil Sir of course income below 5 lakshs. i got salary Of Rs.150000 PA and winning prize of Rs. 150000/- total 300000/-. now i can claim refund.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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18 June 2018 already answered. No refund due for TDS on prize money

RAJA P M

RAJA P M (Expert)
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18 June 2018 Yes... I fully agreed to Mr Ashiwini Ballodia and Mr Nikhil Kaushik...

Sorry for the wrong reply... 🙏🙏🙏

Bahubali

Bahubali (Querist)
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19 June 2018 thank for reply to all

Nikhil Kaushik

Nikhil Kaushik (Expert)
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19 June 2018 you are welcome Bahubali..