Income from winning the lottery
This query is : Resolved
25 April 2016
Recently one of my close relative won Rs. 7,30,000/- as a lucky draw(lottery), he has paid tds at the rate of 30% plus cess. he has no other income except agricultural income. I have following queries :-
1. Which ITR form he should file?
2. Whether he will get refund of tds paid by him for winning this lottery as he doesn,t have any other income for current assessment year?
1. Which ITR form he should file?
2. Whether he will get refund of tds paid by him for winning this lottery as he doesn,t have any other income for current assessment year?
25 April 2016
In my opinion TDS on lottery cannot be claimed as refund since it is to be deducted at a flat rate of 30% by a person who is responsible for paying it irrespective of income level of the deductee. It has to be paid
25 April 2016
1. ITR-2A
2. Will not get refund.
2. Will not get refund.
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