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Overall loss under speculation business
one of my client tds deducted @ 30 percent slabs for winnings for cards, but overall loss only for the financial year, if i show that loss in itr , can he get refund of tds which is deducted under 194B? some one please advice about it.thanks in advance
Replies (4)
No. TDS on game winning is not refundable.
Ok you sir for your response
You are welcome.
Nice question and reply. I had to go back and read this section again. You cannot claim loss nor you can get a refund for this.
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