Tax
This query is : Resolved
29 October 2015
If i won 200000 amount in lattery .so i need to file return
29 October 2015
To get refund of TDS deducted you have to file return.
29 October 2015
If you don't have any other income..and you want refund..file return
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.
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.
29 October 2015
I agree with the above reply. Thank you Mr. Chackrapani Warrier for correcting our reply.
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