During the first half of the year, I had made a decent profit by playing online poker and as it was more than Rs. 10,000 there was TDS deducted on the same. But during the remainder of the year I made a net loss overall and hence not eligible to pay any tax.
In my 26AS, the TDS is reflecting and the game is showing as my profit amount due to the initial profit. This what the Income Tax System will also see.
I do not see any option to fill a loss in IFOS and hence showing as 0 income and claiming refund.
Will this refund be granted? Can the IT authority verify from the Poker company that deducted the tax? Or will it go under assessment?
I am very confused.
CAclubindia
