Income from lottery / winning (dream11) from 194b
This query is : Resolved
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
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
16 June 2018
Yes... If You don't have any Taxable Income after computation...
Ashiwini Ballodia
(Expert)
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
(Expert)
17 June 2018
no refund due in this case...you won't be eligible even for the rebate for income below 5 lakhs
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
(Expert)
18 June 2018
already answered. No refund due for TDS on prize money
18 June 2018
Yes... I fully agreed to Mr Ashiwini Ballodia and Mr Nikhil Kaushik...
Sorry for the wrong reply... 🙏🙏🙏
Sorry for the wrong reply... 🙏🙏🙏
Nikhil Kaushik
(Expert)
19 June 2018
you are welcome Bahubali..
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