14 January 2022
Hello Everyone, Last year and same year, I am winner of a quiz competition. Wining Price is Rs 15000/- They Deducted 30% TDS from my wining prize both year. It shows in 26AS also. Can I get income tax refund after ITR filling? my total income is 15,0000/- The amount of 30% is Fully taxable our Refundable?
14 January 2022
As per sec. 115BB of the act, the rate of tax over the winnings from lottery, puzzle etc. is 30%+4% cess. So, the TDS gets fully adjusted over the income.
CAclubindia
