I have been deducted Rs. 15000 tds on my winning prize from Dream11 league.
Also I don't have any other income apart from this winning.
so can I claim refund of such amount any how???
Please respond to this asap.
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Refund of Tds on winning prize
Replies (10)
If the Prize money exceeds Rs 10, 000, then the winner will receive the prize money after the deduction of TDS @ 30.9% u/s 194B.It does not matter whether the income of the winner is taxable or not. The prize distributor is liable to deduct tax at the time of payment.
No deduction u/s sec 80C or 80D or any other deduction/allowance is allowed from such income. The Benefit of basic exemption limit and income tax slab rate is also not applicable to this income. The entire amount received will be taxable at the flat rate of 30.9%.
but a CA is getting refund of such tds..
how is that possible???
how is that possible???
No. Such Refund is not possible..
(but a CA is getting refund of such tds..
how is that possible???)
It's wrong practice...
how is that possible???)
It's wrong practice...
that means if any one get this refund by doing wrong practice then there must be a notice from the department.
is it so???
is it so???
May be YES.. ..
thanks brother..
You are most welcome Bro...
no refund possible
actually I m also sure that no refund is possible but I asked bcoz 1 CA is getting refund for such tds.
That's why I asked any how possibility???
That's why I asked any how possibility???
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