Are there Cliam of TDS on lottery possible if my Total income is less then exemption limit. As this is a Special Rate of Tax can refund be possible. ITR-2 correct for the same or not in case only lottery income of Rs. 80000 are there
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Tds claim
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U MUST BE SUBMIT FORM 15G TO YOUR DEDUCTOR IF UR TOTAL INCOME NOT EXCEEDS 250000 HENCE TDS NOT DEDUCTED FROM YOR INCOME
No... No way for claim refund for deducted based on lottery income...
U MUST BE SUBMIT FORM 15G TO YOUR DEDUCTOR IF UR TOTAL INCOME NOT EXCEEDS 250000 HENCE TDS NOT DEDUCTED FROM YOR INCOME
No... No way for claim refund for deducted based on lottery income...
TDS on lottery winning is at the flat rate, which is compulsory on winning of Rs. ten thousands or more, while tax on regular income is based on the different rates depending upon the different range of income received during a particular assessment year. So, no refund of tax on lottery amount is permissible, irrespective of whether the total income falls short of taxable limit or not.
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