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Tds on prize winning

This query is : Resolved 
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(Querist)
30 June 2015 A farmer has win a tractor in a lottery prize winning amounting Rs. 800000. He has deposited 30% of the amount in tax department and receive the tractor by showing the challan. He is filling nil return. Can the amount so paid above can be claimed as refund....by taking exemption limit of rs. 300000...
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 June 2015 Lottery winning is fully taxable at higher rate of 30% without considering any slabs, hence, he cannot get any refund from the tax deposited
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
30 June 2015 no refund is possible for this tax credit...
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 July 2015 No basic exemption. To be taxed u/s 115BB @30%. No refund is possible.
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