TDS 194B tax 60000 captured full claim possible?

I think basic threshold limit of 250000 is available so to that extent

dear sir someone told that is a supertax so not possible ? please confirm sir ? it will help to my next step because i am un employee in past one year i need some money to start small business

No... Tds can't be refundable for the said section.

Yes... I agreed to Mrs Elavarasi's view.


TDS is refundable if deducted u/s 194B as (winning lottery, Race Horse, Card Games & Gambling). It's flat rate of Tax deduction.

but i have loss 6.5 lakh in sharemarket any possibility to anyway?

but i have loss 6.5 lakh in sharemarket any possibility to anyway?

- No...

thank you to all

benifit of basic exemption can be avail against the income chargable to tax as per provision of sec 115BB

basic exemption limit not available to casual incomes in essence winnings from lottery games gambling etc

explanation please i saw 115bb but it referred to 74bb please breifly explain

If you receive money from winning the lottery, Online/TV game shows etc., it will be taxable under the head Income from other Sources. The income will be taxable at the flat rate of 30% which after adding cess will amount to 31.2%.Incomes from following sources come under this category:

Lottery
Game Show or any entertainment programon television or electronic mode
Crossword Puzzle
Gambling or betting
Races including Horse races.
TDS Applicability

If the Prize money exceeds Rs 10,000, then the winner will receive the prize money after the deduction of TDS @ 31.2% 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. In the case of winnings from horse races, TDS will be applicable if the amount exceeds Rs 10,000.

No Deduction/Expenditure is allowed from such Income

No deduction under section 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 31.20%.

For instance, Rahul has won the prize money of Rs 3 lakhs from a game show and he has an interest income of Rs 5 lakhs p.a.Then the tax liability would be calculated as per following:

Tax on Rs 3 lakhs @ 31.2%

Tax on Rs 5 lakhs as per income tax slab rates after claiming the relevant deductions.

Well said Mr Ramakrishnan...
Good Explanation.

@ Saket Mishra.,

If TDS deducted u/s 194B then no way for claim any deduction and also not available BEL...

May get 87A rebate of 2500