tax
This query is : Resolved
21 February 2011
an individual gets lottery prize of rs. 30000 and he has no other income.
will he be taxed?can he claim the basic exemption?
please suggest
will he be taxed?can he claim the basic exemption?
please suggest
21 February 2011
Yes one claim basic exemption limit
21 February 2011
Basic exemption can't be availed. Pl see section 115BB of the IT Act,1961.
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