Lotery income and tds

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5 Points Posted on 01 July 2020
I have a client who got Rs. 50,00,000.00 in lotery on last year. In his bank account credited Rs. 35,00,000.00 and balance Rs. 15,00,000.00 deduct as tds. So can I apply for refund for the tds amount , in which itr I have to file the return.
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On 01 July 2020 at 09:43 Report
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Quick Summary
A client received a substantial lottery win of Rs. 50,00,000, with Rs. 15,00,000 deducted as TDS. The user is seeking advice on whether they can claim a refund for the TDS amount and which Income Tax Return (ITR) form is appropriate. While ITR 1 was considered for 'other income', a lawyer suggested ITR 3.

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FInance Professional
17 Points Posted on 01 July 2020
File ITR 1 show as other income
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On 01 July 2020 at 10:48
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5 Points Posted on 01 July 2020
But a lawyer said to me to file itr 3
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On 01 July 2020 at 19:28

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