TDS

laxmi (student) (59 Points)

06 February 2008  

An individual assessee won a piece of furniture in a lucky draw.(The lucky draw coupon was given to him for purchase of an electronic item in his son's name who is studying).He is now being asked to pay Rs.5200/- towards taxes by the Company, the cost of the furniture being around Rs.17000/-. The Co. has stated that it will be issuing a form 16 to this effect.


Is it possible for the assessee to claim this amount of TDS while filing his return ?