my taxable salary is Rs.240000/- and wining from lottery income RS.100000/- so total income is 340000/- now tax liability is RS.2060/-
But tds already deducted by company on
lottery income RS. 30900/-
my question is now I liable to pay tax Rs.2060/- or I received refund tax of Rs 28840/-
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tax liability
Replies (1)
Refund not available for TDS deducted on Lottery Prize winning. It's flat rate and paid as per winning amount....
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