Hi all,
I had won cash prize in a competition on Feb 20, 2013. The prize money was Rs. 40,000 and a tax of 30% (Rs. 6000) was applied on it . So we got only 70% of 40,000. It was said to us we can get back this amount as we are students .
Can someone guide on how to go about this ? I haven't done any tax claims so far .
Also when would be the last date for the same ?
Thank you..
Regards
Umer
you can contact any tax professional and he will help you file your income tax return and get you refund of 6000
yes umer, as u said u are a student, u must have no other source of income, only 40000/- will be exempt . Therefore u can get a refund of rs 6000/-. For that u will have to file your income tax return.
When would be the last day to do file income tax return ?
You have to file IT return claiming TDS refund on or before 31 st March, 2015.
Just confirming it , the amount was recieved on Feb 20 , 2013. So the time available is till Mar 31, 2015 , right ?
I agree with the above replies
1. Due date 31st March 2015 and
2. TDS Refund Amount Rs. 6000/-
CAclubindia
