An query common .....!!!

yes

yes....coz every rupee earned from winnings is taxable......!!

yes

 yes

yes

yes.....

But on taking a look at Sec.139(1), it says a person is required to file the return only if his income is above the taxable limit. (Rs.150000).

since in the case above, the income is below taxable limit (Rs.120000), pls give me the reference of hte relevant section, which cast upon the assessee above to file the return?????

Yes, return must be filed as TDS Deducted for Rs. 9,270/- can be refunded.

if no rerurn is filed how the refund will be collected.

if no return filled then there is no chance to get refund

No return is required to file.

Threre will be no refund even if return is filed.

Regards,

Lovenish Bansal

ya u r right if income is below taxable income i.e 150000 one need not to file the return bt here income include casual income i.e gambling income from which deduction of basic limit is not allowed. so return has to be filled.

or in other word

if normal income is less then basic exemption limit the bal exemption is allowed from long term capital gain or short term cap gain but not allowed from gambling income so here gambling income is fully taxable and no refund can be claimed as tax has been fully deducted.

u hv to file the return ...............

no return is required to file but to avail refund it is to be filed